Nepali rupee plunges to a historic low against US dollar; exchange rate hits Rs 124.68 per dollar

Published On: June 9, 2022 07:15 PM NPT By: Republica  | @RepublicaNepal


Nepali rupee plunges to a historic low against US dollar; exchange rate hits Rs 124.68 per dollar

KATHMANDU, June 9: The Nepali currency on Thursday plunged to a record low against the US dollar with Nepal Rastra Bank (NRB) fixing the exchange rate at Rs 124.68 per dollar.

The Nepali currency that is pegged with the Indian rupee has been affected with the falling graph of the Indian currency against dollar in recent days. According to Reuters, an international media, the Indian currency (INR) fell to a record low at 77.81 per USD on Thursday.

“The Indian rupee hit a record low against the US dollar as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation,” reads a Reuter news report.

Leave A Comment

Just In