May 10: Nepal’s current account remained at a deficit of Rs 51.82 billion in the first nine months of the current fiscal year compared to a deficit of Rs 510.58 billion in the same period of the previous year.

According to the latest report of Nepal Rastra Bank (NRB) released on Wednesday, the current account in terms of the US dollar registered a deficit of 402.8 million in the review period compared to deficit of 4.27 billion in the same period last year.

In the review period, capital transfer decreased 24.0 percent to Rs 5.91 billion and net foreign direct investment (FDI) remained Rs 2.62 billion, according to the Current Macroeconomic and Financial Situation Report of Nepal prepared by the central bank.

In the same period of the previous year, capital transfer and net FDI amounted to Rs 7.78 billion and Rs 16.51 billion respectively.

Balance of Payments (BOP) remained at a surplus of Rs 180.17 billion in the review period compared to a deficit of Rs 268.26 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a surplus of 1.37 billion in the review period against a deficit of 2.25 billion in the same period of the previous year.