Kathmandu, May 11 -- Nepal has been receiving an average of Rs7 billion in remittances every day, exposithe country's deepening dependence on overseas earnings even as labour migration slows and geopolitical tensions persist in West Asia.

Nepal's monthly remittance inflows have reached an all-time high despite concerns that the West Asia conflict would dampen demand for Nepali workers abroad.

According to Nepal Rastra Bank, the country received a record Rs209.75 billion in remittances between mid-March and mid-April.

With the latest surge, remittance inflows in the first nine months of the current fiscal year rose 39.1 percent to Rs1.65 trillion compared to the same period last fiscal year. The sharp increase came even as the number of...