KATHMANDU, March 12 -- The country's foreign exchange reserves have shown significant improvement, with the Balance of Payments (BoP) and the current account in surplus.

According to Nepal Rastra Bank (NRB), the foreign exchange reserves have increased in the first seven months of the current fiscal year due to factors such as the rise in remittance inflows and tourism arrivals.

Related story Foreign exchange reserves reach Rs 2.255 trillion

The foreign currency reserves have set a historic record. At the end of the last fiscal year (mid-July), the total foreign exchange reserves stood at Rs 2041 billion. By the end of Magh (mid-February), it had increased by 16.1 percent to reach Rs 2369 billion.

According to the NRB, this reserve is...