KATHMANDU, MAY 11 Nepal's gross foreign exchange reserves increased by 30.5 percent to Rs 3,494.73 billion in mid-April 2026, up from Rs 2,677.68 billion in mid-July 2025, according to the Nepal Rastra Bank (NRB). In US dollar terms, reserves rose by 20.8 percent to 23.55 billion from 19.50 billion during the review period. Of the total reserves, those held by NRB increased 27.7 percent to Rs 3,082.41 billion, while reserves held by banks and financial institutions (excluding NRB) surged 56.8 percent to Rs 412.32 billion. The share of Indian currency in total reserves stood at 20.4 percent in mid-April 2026. Based on imports over the nine months of FY 2025/26, the country's foreign exchange reserves are sufficient to cover prospective merchandise imports for 21.8 months and merchandise and services imports for 18.4 months, according to the NRB report. Key adequacy indicators also improved during the period. The reserves-to-GDP ratio stood at 57.2 percent, reserves-to-imports at 153.1 percent, and reserves-to-M2 at 41.2 percent in mid-April 2026, up from 43.8 percent, 128.1 percent, and 34.1 percent respectively in mid-July 2025.