Foreign exchange rate movement up to Oct 16, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Oct 16, 2020. Source: Nepal Rastra Bank

The rupee depreciated against all major currencies except EURO 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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