BEIJING, Aug 5: China’s central bank allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday, possibly adding to trade tension with Washington.

KATHMANDU, April 17: Balance of Payments (BoP) deficit widened in the eighth month of the current fiscal year, indicating the worsening external sector position of the country.

KATHMANDU, Nov 7: Nepal Rastra Bank (NRB) has reduced the maximum amount of foreign currency that a Nepali national can buy while going abroad.

Rupee rout continues

October 10, 2018 09:54 am

KATHMANDU, Oct 10: The value of Rupee plunged further to a new low of Rs 119.33 against US dollar, according to the reference rate set by the Nepal Rastra Bank for Wednesday.

MOSCOW, Sept 13: There is a global trend among countries reducing the share of the dollar in international settlements, Russian President Vladimir Putin said at the Eastern Economic Forum in Vladivostok.

KATHMANDU, Sept 9: The value of Nepali currency against the US dollar is on a freefall for the last few weeks. Though the Nepali rupee recovered marginally to Rs 115.08 against a US dollar from the earlier day’s record low of Rs 115.48, the volatility of the currency is likely to put a pressure on the external sector stability of the country.