KATHMANDU, Jan 2: Nepal’s banking system holds demonetized Indian currency (IC) worth over Rs 50 million, which the Indian authorities have refused to take back.

US dollar becomes further stronger

October 9, 2022 16:00 pm

KATHMANDU, Oct 9: The value of the US dollar is gradually skyrocketing thus making the Nepali currency weaker.

KATHMANDU, Sept 27: The value of the US dollar has hit an all-time high in Nepal.

KATHMANDU, Sept 2: Nepal bought Indian rupees (INR) equivalent to Rs 535.23 billion by selling US dollars to finance the imports from the southern neighbor in the last fiscal year.

KATHMANDU, May 20: Nepal bought Indian currency (IC) equivalent to Rs 404.70 billion by selling US dollars to finance the imports from the southern neighbor during the first nine months of the current fiscal year, which was 16 percent more than the amount during the same period of the last fiscal year.

KATHMANDU, Feb 16: Nepal bought Indian rupees worth Rs 241.31 billion by selling US dollars to finance the imports from the southern neighbour during the first six months of the fiscal year compared to that of Rs 229.55 billion in the same period in the last fiscal year.

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KATHMANDU, Dec 19: Senior leader of the Indian National Congress Shakeel Ahmad Monday blamed the “arrogance” of the Modi-led Indian government for Nepal’s ban on currency notes of denominations higher than Rs 100 and demanded that urgent steps be taken to resolve the issue.