Nepal Rastra Bank Sets All-Time High Exchange Rate for US Dollar at NPR 134.15

According to Nepal Rastra Bank, the selling rate for the US Dollar reached an all-time high of NPR 134.15 today, Friday, June 21. The buying rate is set at NPR 133.55. Previously, on June 13, the rate had reached NPR 134.01. Yesterday, the selling rate for the US Dollar was NPR 133.84, with a buying rate of NPR 133.24.

For the Euro, the selling rate today is NPR 143.92, while the buying rate is NPR 143.28. The British Pound is being sold at NPR 170.24 and bought at NPR 169.47. Similarly, the buying rate for the Australian Dollar is NPR 89.12, and the selling rate is NPR 89.52. The Canadian Dollar has a buying rate of NPR 97.41 and a selling rate of NPR 97.85.

The Qatari Riyal is being bought at NPR 36.63 and sold at NPR 36.79. Other currencies, including the Swiss Franc, Singapore Dollar, Japanese Yen, and Chinese Yuan, have also shown minor fluctuations.

Conclusion

The exchange rate for the Nepali Rupee has reached historical highs today, especially for the US Dollar. This increase in foreign currency rates could significantly impact the economy, affecting imports and providing some relief for exports. Nepal Rastra Bank must consider these changes while formulating necessary policies to manage the economic impact.