Nepal, May 22 -- Nepal's total foreign trade declined Rs 36.69 billion in the first 10 months of the current Fiscal Year (FY) 2023/24. The records with the Department of Customs (DoC) show that Nepal's total foreign trade stood at Rs 1.429 trillion during mid-July 2023 and mid-May 2024, down from Rs 1.466 trillion in the same period last year. The decline in the trade volume has been attributed to the ongoing economic slowdown of the landlocked country. The decline is also attributed to the decline in the consumption and investment in the country. Despite banks reducing interest rates significantly, investors are hesitant to take loans, reflecting a lack of confidence in the economic environment. This hesitancy is further compounded by th...