Foreign exchange rate movement up to Jan 29, 2021 Source: Nepal Rastra Bank
Foreign exchange rate movement up to Jan 29, 2021. Source: Nepal Rastra Bank

The rupee depreciated against marginally against USD whilst it appreciated against all other major currencies compared to previous week. Sterling depreciated after reaching record high 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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