Foreign exchange rate movement up to Dec 04, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Dec 04, 2020. Source: Nepal Rastra Bank

The rupee depreciated against all major currencies except Yen compared to previous week. Euro and Sterling reached record high this 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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