Foreign exchange rate movement up to Mar 05, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Mar 05, 2021. Source: Nepal Rastra Bank

The rupee depreciated against Dollar and Yuan whilst it appreciated against other major currencies compared to previous week. Pound Sterling declined this week after reaching all time 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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