Kathmandu, May 10
The Nepalese rupee has fallen against the US dollar at its lowest value. The Nepali currency has hit its lowest point in history, according to the Nepal Rastra Bank (NRB), as the value of the dollar has reached an all-time high.
The current exchange rate for one US dollar is Rs 124.25, according to the NRB. Its purchasing price is also Rs 123.65. As a result, the rate became an overnight sensation. Since the Corona outbreak expanded over the world, the Nepalese currency has been losing ground against the US dollar.
Nepal may have to pay more for imported commodities if the dollar appreciates against the
Nepalese rupee. Similarly, Nepalese exports bring in more money. Nepal, on the other hand, will lose money if its imports are large and its exports are low, and the dollar increases in foreign trade. Nepal also benefits from the fact that remittance inflows are in dollars.
Till last year, the exchange rate of one dollar was approximately Rs 119. Which has already
crossed Rs 124. Similarly, the purchasing rate for one euro today is Rs 130.27 and the selling rate is Rs 130.90. The purchasing rate for the pound sterling is Rs 152.37 and the selling rate is Rs 153.11.
The purchase rate of the Australian dollar is Rs 86.59 at Rs 87.01, while the Singapore dollar is Rs 88.80 at Rs 89.23. The purchasing rate for ten Japanese yen is Rs 9.43, while the selling rate is Rs 9.47.
The selling rate for the Chinese yuan is Rs 18.47, with a purchasing rate of Rs 18.38, while the selling rate for the Saudi riyal is Rs 33.12, with a buying rate of Rs 32.96. The purchasing rate for the Qatari riyal is Rs 33.84, while the selling rate is Rs 34.01. Similarly, the United Arab Emirates’ selling rate was Rs 33.83, while the purchasing rate was Rs 33.66.
