Nepali rupee hits all time low against US dollar
June 28, 2013, 8:08 a.m.
Kathmandu, June 28 – Nepali rupee has depreciated to an all time low against US dollar with the Nepal Rastra Bank (NRB) fixing the exchange rate at Rs. 96.80 per dollar for Friday.
The central bank fixes the exchange rate following the change in the Indian currency (IC) against US dollar. Nepali currency is firmly tied with IC.
However, Nepali rupee on Thursday dipped further despite the Indian currency slightly appreciated, resting at IRs. 60.19, compared to Wednesday’s IRs. 60.71 per dollar.
"There are mixed results in half-yearly budget progress"
Total government spending amounts to Rs. 667.60 billion in 6 months
"There are promising signs of economic recovery"
Finance Minister Paudel directs to meet revenue target
Suspended Chief Secretary Aryal acquitted in corruption case
Dhakal elected HCCN Dean
Price of salt goes up
Feedback