'Take action for stable forex reserves, manage inflation'

The government needs to take more actions to stable foreign exchange reserve, manage inflation, enhance revenue earnings, ensure proper electricity and gas supply for economic activities, and extend social safety net programmes, a leading chamber said today.

Foreign currency reserve is still somewhat in a satisfactory position but into a weaker trajectory, according to the Metropolitan Chamber of Commerce and Industry (MCCI).

The exchange rate has long been remained stable but depreciated notably in recent months, although the government took some quick and decisive measures addressing the economic fallout, the chamber said in its quarterly economic review for January-March quarter of the current fiscal year.