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

The rupee appreciated marginally against US Dollar, Yen and Yuan this week whilst it depreciated against Euro and Sterling compared to previous week. Euro reached record high in past 30 months.

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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