Forex Update: Nepali rupee strengthens against US dollar
Summary
Nepal Rastra Bank has slightly strengthened the Nepali rupee against the US dollar with new foreign exchange rates set for 22 currencies as of Wednesday.
Key Points
- Nepal Rastra Bank set foreign exchange rates for 22 currencies for Wednesday.
- The Nepali rupee strengthened modestly against the US dollar, with the buying rate now Rs. 138.83 and selling at Rs. 139.43.
- Rates for other major currencies such as the euro, pound sterling, and Swiss franc were also fixed.
- NRB noted that rates can be revised as needed and commercial banks may have slightly different rates.
