Foreign reserves increase

Nepal is receiving Rs100 billion in remittance every month, with overseas Nepalis sending home Rs1.05 trillion in the last 10 months -- an increase of 23.5% from the same period last year. Nepal Rastra Bank said foreign exchange reserves increased to $11.21 billion, a  17.6% increase. The government banned the import of luxury items bringing down imports, but that also led to a drop in tax revenue.