Foreign exchange rate movement up to June 19, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to June 19, 2020. Source: Nepal Rastra Bank

The rupee appreciated against Euro and Sterling whilst it depreciated against other major currencies this week 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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