Foreign exchange rate movement up to Apr 24, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Apr 24, 2020. Source: Nepal Rastra Bank

The rupee appreciated against all other major currencies this week compared to previous week. The rupee recorded lowest rate against US Dollar, EURO and Yuan 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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