Foreign exchange rate movement up to May 29, 2020. Source: Nepal Rastra Bank
Foreign exchange rate movement up to May 29, 2020. Source: Nepal Rastra Bank

The rupee depreciated against all other major currencies this week except Yuan 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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