Foreign exchange rate movement up to Mar 12, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Mar 12, 2021. Source: Nepal Rastra Bank

The rupee depreciated against Dollar and Sterling whilst it appreciated against 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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