Foreign exchange rate movement up to Jan 01, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Jan 01, 2021. Source: Nepal Rastra Bank

The rupee appreciated against against all major currencies except Euro compared to previous week. Sterling declined marginally after reaching a record high previous week.

Nepalese Rupees (NPR) is pegged with Indian Rupees (INR) at fixed rate of 1.6 (1 INR = 1.6 NPR). Therefore, any movement of INR against other currencies changes NPR in the same direction.

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