Nepal Rastra Bank (NRB) has published its latest open market exchange rates, maintaining stability in key currency pairs amidst global economic fluctuations. The rates, effective immediately, reflect the buying and selling prices for various foreign currencies, crucial for trade and financial transactions in Nepal.
For the Indian Rupee (INR), a pivotal currency due to Nepal’s close economic ties with India, the exchange rate stands firm with the buying rate set at NPR 160.00 per 100 INR and the selling rate at NPR 160.15 per 100 INR. This stability is essential given the significant volume of trade and remittances between the two countries.
In the case of the US Dollar (USD), another vital currency for Nepal’s international trade and investment, the exchange rate remains steady. NRB has fixed the buying rate at NPR 133.24 per USD and the selling rate at NPR 133.84 per USD. This consistency supports importers, exporters, and investors in managing their financial transactions effectively.
“These exchange rates are designed to ensure stability and predictability in the foreign exchange market, fostering confidence among investors and traders,” stated a spokesperson from Nepal Rastra Bank. “Maintaining these rates at reasonable levels supports Nepal’s economic resilience and facilitates smoother cross-border transactions.”
Nepal Rastra Bank encourages stakeholders to utilize these rates for transparent and efficient currency conversions, emphasizing the importance of prudent financial management amidst global economic challenges. As Nepal continues to navigate through economic uncertainties, the stable exchange rates set by Nepal Rastra Bank provide a foundation for sustained economic growth and financial stability in the region.
