KATHMANDU: The value of the US Dollar (USD) has made a new contemporary record in Nepal with one USD trading for Nepali Rs 130.90 on Tuesday (today).
The Central Bank, Nepal Rastra Bank (NRB), fixed the buying rate for one USD at Rs 130.30 and the selling rate at Rs 130.90 today.
The value of USD has broken previous all-time high records. On Sunday, the value of USD reached a height of Rs 129.89.
This is the first time that the US dollar has become so expensive in the Nepali market.
The value of the USD is heightening due to the interest hike by the Federal Reserve of America as well as the dispute between China and America regarding Taiwan.
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