Kathmandu, Nov. 17 -- Nepal's economy is largely stabilizing as major macroeconomic indicators posted satisfactory progress in the first quarter of the current fiscal year, according to Nepal Rastra Bank (NRB).The central bank's Current Macroeconomic and Financial Situation Report of Nepal released on Sunday shows stability across most indicators, with the exception of those related to banks and financial institutions (BFIs).

Average inflation dropped to 1.67 percent, down from 4.26 percent a year ago, indicating controlled price growth and easing pressure on consumers.

Published by HT Digital Content Services with permission from Republica....