Foreign exchange rate movement up to July 03, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to July 03, 2020. Source: Nepal Rastra Bank

The rupee continues to appreciate against all major currencies for the second consecutive 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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