Foreign exchange rate movement up to June 11, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to June 11, 2021. Source: Nepal Rastra Bank

The rupee depreciated against against all major currencies except Euro and Sterling 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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