KATHMANDU: The US dollar reached a record high in Nepal today, becoming the most expensive it has ever been in the domestic market.
According to the exchange rates published by Nepal Rastra Bank (NRB), the buying rate for one US dollar stands at Rs 139.96, while the selling rate has reached Rs 140.56 — the highest recorded so far.
This marks a continued rise in the value of the US dollar. Just yesterday, the buying rate was Rs 139.77 and the selling rate was Rs 140.37. On July 16, the rates had slightly dipped, with the buying rate at Rs 139.86 and the selling rate at Rs 140.46.
Other major foreign currencies have also appreciated. Today, the buying and selling rates for the euro are Rs 162.07 and Rs 162.77, respectively, up from Rs 161.93 and Rs 162.63 yesterday.
Similarly, the pound sterling is trading at Rs 186.23 (buying) and Rs 187.03 (selling), compared to yesterday’s rates of Rs 185.61 and Rs 186.40.
The Australian dollar has also seen a rise, with today’s buying rate at Rs 90.70 and the selling rate at Rs 91.09. Yesterday, the rates stood at Rs 90.53 and Rs 90.92.
Among Gulf currencies, the Kuwaiti dinar is being exchanged at Rs 458.10 (buying) and Rs 460.07 (selling), slightly up from yesterday’s Rs 457.36 and Rs 459.33.
The Bahraini dinar also increased slightly, with the buying rate at Rs 371.25 and the selling rate at Rs 372.84. On Monday, the rates were Rs 370.74 and Rs 372.33, respectively.
Nepal Rastra Bank has noted that exchange rates may be revised at any time as required. It also clarified that commercial banks may set different rates, and the most updated figures are available on the central bank’s official website.
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