Rs depreciated to a record low against dollar
Aug. 28, 2013, 5:19 a.m.
Kathmandu, August 28 – The value of Nepali currency has depreciated to a new record low against the US dollar as the Nepal Rastra Bank has fixed the exchange rate at Rs. 105.31 per dollar .
Nepal Ratsra Bank under open market has fixed 1 unit of dollar buying rate at Rs. 104.71 and selling rate at Rs. 105.31 for wednesday.
Depreciation of Indian currency has affected Nepal for such a high rise of dollar rate. On Tuesday dollar price was traded in India at 65.56 IC. Following the rate, Nepal traded dollar on Tuesday at traded at Rs. 105.
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