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Forex Update: US dollar slips, euro gains ground

Nepal Rastra Bank has announced the foreign exchange rates for 22 different nations for Thursday. 
By REPUBLICA

KATHMANDU, September 18: Nepal Rastra Bank has announced the foreign exchange rates for 22 different nations for Thursday, showing a slight decline in the US dollar and a rise in the euro. The buying rate for one US dollar stands at Rs. 140.21, with the selling rate at Rs. 140.81, down from Wednesday’s Rs. 140.59 buying and Rs. 141.19 selling.



Meanwhile, the European euro edged higher, with the buying rate for one euro at Rs. 166.01 and the selling rate at Rs. 166.72, compared to Rs. 165.94 and Rs. 166.85 on Wednesday.


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Among other major currencies, the UK pound sterling is trading at Rs. 191.27 for buying and Rs. 192.09 for selling, while the Swiss franc is at Rs. 178.25 for buying and Rs. 179.01 for selling. The Australian dollar is at Rs. 93.58 buying and Rs. 93.98 selling, the Canadian dollar at Rs. 101.96 buying and Rs. 102.40 selling, and the Singapore dollar at Rs. 109.85 buying and Rs. 110.32 selling.


The Japanese yen for ten units is at Rs. 9.59 buying and Rs. 9.63 selling, and the Chinese yuan is at Rs. 19.74 buying and Rs. 19.82 selling. The Saudi Arabian riyal is trading at Rs. 37.37 buying and Rs. 37.53 selling, while the Qatari riyal is at Rs. 38.47 buying and Rs. 38.63 selling.


Other regional currencies show minor fluctuations. The Thai baht is at Rs. 4.42 buying and Rs. 4.44 selling, the UAE dirham at Rs. 38.17 buying and Rs. 38.34 selling, the Malaysian ringgit at Rs. 33.47 buying and Rs. 33.62 selling, and 100 South Korean won at Rs. 10.18 buying and Rs. 10.22 selling. The Swedish krone is at Rs. 15.14 buying and Rs. 15.21 selling, and the Danish krone at Rs. 22.24 buying and Rs. 22.34 selling.


The NRB has set the buying rate for the Hong Kong dollar at Rs. 18.03 and the selling rate at Rs. 18.11. The Kuwaiti dinar is at Rs. 459.74 buying and Rs. 461.70 selling, the Bahraini dinar at Rs. 371.83 buying and Rs. 373.42 selling, and the Omani riyal at Rs. 364.16 buying and Rs. 365.72 selling.


The Indian rupee for 100 units has a buying rate of Rs. 160 and a selling rate of Rs. 160.15. The central bank has stated that these rates may be revised at any time and noted that rates set by commercial banks may vary. Updated rates are available on the NRB website.

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