Stories Tagged 'Dollars'
The Nepali rupee hit fresh lows against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at 113.25 per dollar for Thursday.
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The Nepali rupee plunged to a record low against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at 112.20 per dollar for Tuesday. The rupee’s free fall is an effect of the steady depreciation of the Indian rupee with which it is pegged.
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Nepali currency has fallen to the lowest level in the last 13 months following depreciation in the value of Indian currency with which Nepali rupee is pegged.Nepali rupee will open for trading at 106.67 against the US dollar on Tuesday, down 77 paisa than on Monday, Nepal Rastra Bank’s reference rate shows. The rupee was last traded at this level on March 14, 2017.
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