Foreign exchange rate movement up to June 05, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to June 05, 2020. Source: Nepal Rastra Bank

The rupee depreciated by 2.1% against Sterling and by 1.6% against Euro this week compared to previous week. Euro reached record high in past 85 weeks.

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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