Nepali currency further dips to a new low of Rs 105.31 per US dollar
Nepali currency has further depreciated against the US dollar as the Nepal Rastra Bank has set its selling exchange rate at Rs 105.31 per dollar for Wednesday.
The Nepali rupee is pegged with Indian currency, which reached IRs 65 per dollar on Tuesday.
The Indian currency had dipped to its lifetime low of IRs 65.56 against the greenback on August 22.
Though Nepal's central bank fixed the exchange rate at Rs. 103.01 a dollar, the market rate exceeded above Rs 105 a dollar on Tuesday. Nepalnews.com