Foreign exchange rate movement up to July 10, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to July 10, 2020. Source: Nepal Rastra Bank

The rupee appreciated marginally against USD this week whilst it depreciated against all other major currencies compared to 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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