- Thursday, 21 November 2024
Rupee falls to USD
By TRN Online, Kathmandu, July 20: Buying rate of US dollar soared Rs 133.57 Rupee on Friday.
According to the Nepal Rastra Bank the buying rate of USD fixed at Rs 133.57 and selling fixed at Rs 134.17.
Its is all time low in the recent past.
One of a cause of rising USD is that Nepali Rupee exchange rate with Indian currency is fixed.
On Friday, Reserve Bank of India (RBI) data showed that a US dollar hit all time low IRs 83.64
So fall if Indian Rupee eventually led the Nepali Rupee to fall all time low against dollar.
This would cost the import meanwhile remittance will have advantage
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