Nepali currency strengthens against US dollar

Nepali currency has continued to strengthen against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at Rs. 85.22 on buying and Rs. 85.82 on selling rate against a US dollar for Monday, which is a five-month high.

With this new rate, Nepali consumers may exchange the currency in a comparatively lower price specially sent from the third countries during the festive season.

The sustained strengthening of the domestic currency against the dollar is expected to help reduce the price of imported goods as well.

The value of per US dollar had reached the highest level at Rs 91.88 on June 23 and 24 and remained below Rs 90.30 in the following days. nepalnews.com