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Forex Update: US dollar drops, Euro appreciates

Nepal Rastra Bank has set the foreign exchange rates for 22 currencies for Friday. 
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By REPUBLICA

KATHMANDU, Aug 29: Nepal Rastra Bank (NRB) has set the foreign exchange rates for 22 currencies for Friday, showing a slight dip in the U.S. dollar against the Nepali rupee.



The buying rate for one U.S. dollar is fixed at Rs 139.91 and the selling rate at Rs 140.51, compared to Thursday’s Rs 140 (buying) and Rs 140.60 (selling).


The euro is currently being traded at Rs 163.25 (buying) and Rs 163.95 (selling), compared to Thursday, when the rates were Rs 162.17 (buying) and Rs 162.86 (selling).


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The pound sterling is priced at Rs 189.14 and Rs 189.96. The Swiss franc is at Rs 174.88 (buying) and Rs 175.63 (selling).


Among other major currencies, the Australian dollar is at Rs 91.35/91.74, the Canadian dollar at Rs 101.64/102.08, and the Singapore dollar at Rs 109.03/109.50. Ten Japanese yen trade at Rs 9.53/9.57, while one Chinese yuan is set at Rs 19.62/19.70.


The Saudi Riyal is fixed at Rs 37.28/37.44, the Qatari riyal at Rs 38.38/38.54, the UAE dirham at Rs 38.09/38.25, and the Malaysian ringgit at Rs 33.18/33.25.


Similarly, 100 South Korean won are valued at Rs 10.09/10.14, the Swedish kroner at Rs 14.75/14.81, and the Danish krone at Rs 21.87/21.96.


The Kuwaiti dinar remains the highest, at Rs 458.03 (buying) and Rs 459.99 (selling), followed by the Bahraini dinar at Rs 371.11/372.71 and the Omani rial at Rs 363.43/364.98.


The exchange rate for 100 Indian rupees is set at Rs 160 (buying) and Rs 160.15 (selling).


NRB noted that these rates may be revised as required, while commercial banks may quote slightly different figures. Updated rates are available on the central bank’s website.

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