KATHMANDU, Aug 23: The US dollar gained further ground against the Nepali rupee as Nepal Rastra Bank (NRB) announced updated foreign exchange rates for 22 currencies on Saturday.
According to the central bank, the buying rate of one US dollar has climbed to Rs 139.76, with the selling rate fixed at Rs 140.36. This marks a rise from Friday’s rates of Rs 139.34 (buying) and Rs 139.94 (selling).
Among other major currencies, the European euro is trading at Rs 162.09 (buying) and Rs 162.78 (selling), while the British pound sterling stands at Rs 187.43 and Rs 188.24, respectively. The Swiss franc is pegged at Rs 172.78 (buying) and Rs 173.52 (selling).
Forex Update: US dollar strengthens against Nepali rupee
The Australian dollar is valued at Rs 89.70 (buying) and Rs 90.08 (selling), the Canadian dollar at Rs 100.44 and Rs 100.87, and the Singapore dollar at Rs 108.41 and Rs 108.88.
In the Asian basket, 10 Japanese yen is trading at Rs 9.40 (buying) and Rs 9.44 (selling), while the Chinese yuan stands at Rs 19.47 and Rs 19.55. Similarly, the Saudi riyal is fixed at Rs 37.25 (buying) and Rs 37.41 (selling), and the Qatari riyal at Rs 38.35 and Rs 38.51.
Other notable rates include the Thai baht at Rs 4.28 (buying) and Rs 4.30 (selling), the UAE dirham at Rs 38.05 and Rs 38.22, and the Malaysian ringgit at Rs 33.06 and Rs 33.20.
Likewise, 100 South Korean won fetches Rs 10.05 (buying) and Rs 10.09 (selling), while the Hong Kong dollar is at Rs 17.88 and Rs 17.96.
In the Gulf currencies, one Kuwaiti dinar trades at a hefty Rs 456.79 (buying) and Rs 458.75 (selling), the Bahraini dinar at Rs 370.68 and Rs 372.27, and the Omani riyal at Rs 363.01 and Rs 364.57.
Meanwhile, the Indian currency remains steady, with 100 rupees fixed at Rs 160 (buying) and Rs 160.15 (selling).
NRB noted that these rates may be revised if needed and reminded that commercial banks may quote slightly different rates. For the latest updates, the central bank advised checking its official website.
