According to the Nepal Rastra Bank's Current Macroeconomic and Financial Situation Report for the ten months ending mid-May 2026, remittance inflows reached Rs 1,916.90 billion, up 41.2 percent from the same period a year earlier. In US dollar terms the increase was 33 percent, to $13.26 billion. The single month of Baishakh (mid-April to mid-May) recorded Rs 257.49 billion, described as the highest monthly remittance figure ever.
The surge in inflows contributed to a current account surplus and a strong balance-of-payments position. Foreign exchange reserves climbed 38.3 percent to Rs 3,704.55 billion by mid-May 2026, a level sufficient to cover 19.2 months of merchandise and services imports.
Despite the strong external position, domestic inflation rose to 5.04 percent year-on-year in mid-May 2026, up from 4.47 percent the previous month and the highest since January 2025. The NRB data noted that a 9.5 percent depreciation of the Nepalese rupee against the US dollar over the past year has made imported raw materials more expensive, contributing to the uptick.