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Forex Update: Dollar, euro slip against Nepali rupee

Both the US dollar and the European euro recording a slight decline.
By REPUBLICA

KATHMANDU, Sept 4: The Nepal Rastra Bank (NRB) has fixed new foreign exchange rates for Thursday, with both the US dollar and the European euro recording a slight decline.



According to the central bank, the buying rate of one US dollar now stands at Rs. 140.62 and the selling rate at Rs. 141.22. This marks a drop from Wednesday’s Rs. 140.76 for buying and Rs. 141.36 for selling. The euro has also slipped, with Thursday’s buying rate set at Rs. 163.70 and the selling rate at Rs. 164.39, compared to Wednesday’s Rs. 163.72 and Rs. 164.42.


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The British pound sterling, however, remains strong at Rs. 188.40 for buying and Rs. 189.20 for selling. Similarly, the Swiss franc is trading at Rs. 174.69 and Rs. 175.44, the Australian dollar at Rs. 91.83 and Rs. 92.22, the Canadian dollar at Rs. 101.91 and Rs. 102.34, and the Singapore dollar at Rs. 109.10 and Rs. 109.56.


Among Asian currencies, the Japanese yen is valued at Rs. 9.46 for buying and Rs. 9.50 for selling per 10 units, while the Chinese yuan trades at Rs. 19.68 and Rs. 19.76. In the Gulf region, the Saudi riyal is set at Rs. 37.48 and Rs. 37.64, the Qatari riyal at Rs. 38.58 and Rs. 38.74, and the Omani riyal at Rs. 365.25 and Rs. 366.81.


The Kuwaiti dinar continues to remain the highest-valued currency, with Thursday’s rate fixed at Rs. 449.57 for buying and Rs. 461.53 for selling. Meanwhile, the Indian rupee remains stable at Rs. 160 for buying and Rs. 160.15 for selling per 100 units.


NRB noted that these rates may be revised if necessary, while commercial banks are permitted to set slightly different figures. Updated exchange rates are available on the central bank’s official website.

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