20 August, KATHMANDU: The Nepali currency has continually plunged with the further depreciation of Indian rupee against the U.S. dollar.
The reference selling rate of one USD ha been fixed by the central bank at Rs. 102.05, an all-time low, for Wednesday.
The Indian rupee fell past IRs. 64 to the dollar today. The Nepali rupee is valued to the Indian rupee (IRs. 100 = NRs. 160.15)
The Nepal Rastra Bank fixed the reference selling rate of USD at Rs. 100.60 yesterday.
The reference buying rate for Thursday is fixed at Rs. 101.45.
As per the existing system, the market exchange rates quoted by the commercial banks may differ, according to the NRB.
USD was sold at more than Rs. 102 at the commercial banks today despite the reference selling rate fixed Rs. 100.60 by the NRB.
