21th April, 2020 | KATHMANDU | The Nepali currency would have been devalued to a historic low vis-à-vis the US dollar, plunging by more than one rupee in a single day, according to the exchange rate fixed by Nepal Rastra Bank.
Nepali rupee, which is pegged with the Indian currency, has slid against the dollar as the Indian rupee has come under pressure.
You can see below the exchange rate set by Nepal Rastra Bank today:
Note: Under the present system the open market exchange rates
quoted by different banks may differ.
Nepal Rastra Bank has fixed the sale price of USD $ 1 for Friday at 122 rupees 76 paisa.
Similarly, on Friday, the US $ 1 purchase price is 122 rupees 16 paisa. The Indian rupee is weaker than the US dollar. Therefore, the Nepalese rupee has become weak.
The global market is affected by the Corona virus for a few months. As the demand for the US dollar goes up, the value has also increased, the Bank said.
Question: What is the Dollar worth against the Nepalese Rupee?
Answer: One Dollar is worth 122.76 Nepalese Rupees today (Selling Price).