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Forex Update: US dollar, euro appreciate

An increase in the two main currencies—the US dollar and the euro.
By REPUBLICA

KATHMANDU, Sept 6: Nepal Rastra Bank (NRB) has published Saturday’s foreign exchange rates, showing a rise in the two major currencies—the US dollar and the euro.



The buying rate of one US dollar has been set at Rs. 140.93 and the selling rate at Rs. 141.53. On Friday, the rates stood at Rs. 140.74 (buying) and Rs. 141.34 (selling).


The euro also strengthened, with today’s buying rate fixed at Rs. 164.66 and the selling rate at Rs. 165.36, compared to Friday’s Rs. 163.87 (buying) and Rs. 164.57 (selling).


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Other major currencies have also edged higher. The British pound is valued at Rs. 189.92 (buying) and Rs. 190.73 (selling), while the Swiss franc stands at Rs. 175.40 and Rs. 176.14. The Australian dollar is priced at Rs. 92.22 (buying) and Rs. 92.62 (selling), the Canadian dollar at Rs. 102.16 and Rs. 102.98, and the Singapore dollar at Rs. 109.52 and Rs. 109.98.


In Asian currencies, 10 Japanese yen are trading at Rs. 9.51 (buying) and Rs. 9.55 (selling), while the Chinese yuan is at Rs. 19.74 and Rs. 19.83. The Saudi Arabian riyal is fixed at Rs. 37.56 and Rs. 37.72, and the Qatari riyal at Rs. 38.67 and Rs. 38.83.


The Thai baht is set at Rs. 4.38 (buying) and Rs. 4.40 (selling), the UAE dirham at Rs. 38.37 and Rs. 38.53, and the Malaysian ringgit at Rs. 33.36 and Rs. 33.50. Similarly, 100 South Korean won are valued at Rs. 10.13 and Rs. 10.18, the Swedish krona at Rs. 14.97 and Rs. 15.03, and the Danish krone at Rs. 22.06 and Rs. 22.15.


Among Gulf currencies, the Hong Kong dollar is fixed at Rs. 18.06 (buying) and Rs. 18.14 (selling), the Kuwaiti dinar at Rs. 461.01 and Rs. 462.97, the Bahraini dinar at Rs. 373.81 and Rs. 375.41, and the Omani riyal at Rs. 366.06 and Rs. 367.62.


The exchange rate of INR 100 remains unchanged at Rs. 160 (buying) and Rs. 160.15 (selling).


NRB stated that these rates may be revised as needed. It also noted that commercial banks may apply slightly different figures, with the latest updates available on the central bank’s website.

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