Foreign exchange rate movement up to Mar 06, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Mar 06, 2020. Source: Nepal Rastra Bank

The rupee depreciated significantly against all major currencies this week. Indian rupees depreciated significantly this week due to increasing number of corona virus cases in the country which kept market participants on edge leading to consequent depreciation in Nepalese rupees as well.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.