Market prices of goods imported from the third countries will automatically go up with the increment of the value of Dollars. Buying and selling rates of the US Dollar is fluctuating these days. [break]
Buying rate of a dollar was Rs. 85.5 on May 14 while the selling rate was Rs. 86.10 per dollar. This rate was increased to Rs. 88.92 and 89. 52, respectively, on June 15.
According to the Nepal Rastra Bank, buying rate of the US dollar on Tuesday was Rs. 90.60 per dollar while selling rate was Rs. 91.20.
Increase in the value of dollars will be beneficial to importers. But it would be costlier to pay loans taken from the third countries, said outgoing President of Nepal Chamber of Commerce Surendrabir Malakar.
Importers get more revenue from the imported goods if the value of dollar increases, he said.
According to Chairman of Nepal Gold and Silver Dealers’ Association, the price of gold increases if the dollar becomes stronger and the price decreases if the dollar becomes weaker.
Similarly, Raju Shakya of Himali Money Exchange based in Durbar Marg said his business has witnessed a down in financial transactions following the increase in the value of dollar.
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