Foreign exchange rate movement up to Sep 25, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to Sep 25, 2020. Source: Nepal Rastra Bank

The rupee depreciated marginally against USD whilst it appreciated against all 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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