Foreign exchange rate movement up to Mar 13, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Mar 13, 2020. Source: Nepal Rastra Bank

The rupee depreciated significantly against all major currencies this week except Pound Sterling. Indian rupee continued to unsettle this week after the Covid-19 scare which caused Nepalese rupees reaching record low against Dollar and Yen in past 2 years; Euro in past 69 weeks; and Yuan in past 54 weeks.

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