Central Bank increases gold import quota

Kathmandu, 3 April: Nepal Rastra Bank (NRB) has increased gold import quota. The central bank has increased the daily gold import quota from 10kg a day to 20kg a day citing the growing demand of the precious yellow metal in the local market.

"Although the gold traders have been demanding 30kg gold per day, the daily import quota has been fixed at 20kf depending on the market conditions, foreign currency reserve and other aspects, according to the spokesperson of the NRB.