US Dollar value rise in Nepali market

Kathmandu: The value of the US dollar has increased, according to the new exchange rates set by Nepal Rastra Bank (NRB) for Wednesday. In addition to the US dollar, other foreign currencies, including the European euro, Canadian dollar, Chinese yuan, Saudi Arabian riyal, Qatari riyal, Thai baht, UAE dirham, Malaysian ringgit, Danish krone, Kuwaiti dinar, Bahraini dinar, and Omani riyal, have also seen a rise in value.

However, the value of the Swiss franc, Australian dollar, Singapore dollar, South Korean won, and Swedish krona has decreased in comparison to previous rates.

As per the latest exchange rates, the NRB has set the buying rate for one US dollar at Rs 136.03 and the selling rate at Rs 136.63. Similarly, the buying rate for the European euro is Rs 141.47, while the selling rate is Rs 142.10. The buying rate for the UK pound sterling is Rs 170.51, with the selling rate at Rs 171.27. The buying rate for the Swiss franc has been fixed at Rs 151.09, and the selling rate is Rs 151.76.

For other currencies, the buying and selling rates are as follows: the Australian dollar has a buying rate of Rs 84.79 and a selling rate of Rs 85.16, while the Canadian dollar is set at Rs 94.46 for buying and Rs 94.88 for selling. The Singapore dollar’s buying rate is Rs 100.08, with the selling rate at Rs 100.53. The Chinese yuan has a buying rate of Rs 18.64, and the selling rate is Rs 18.72. The buying rate for one Saudi riyal is Rs 36.23, and the selling rate is Rs 36.39.

The NRB has also set the buying rate for 100 Japanese yen at Rs 8.66, and the selling rate at Rs 8.70. Similarly, for 100 South Korean won, the buying rate is Rs 9.32, with the selling rate at Rs 9.36.

In terms of other Middle Eastern currencies, the buying rate for one Kuwaiti dinar is Rs 441.37, and the selling rate is Rs 443.32. The buying rate for one Bahraini dinar is Rs 360.44, and the selling rate is Rs 362.03. The Omani riyal’s buying rate is Rs 353.31, with a selling rate of Rs 354.86. Additionally, the buying rate for 100 Indian rupees is Rs 160.00, with the selling rate at Rs 160.15.

The NRB has mentioned that the exchange rates are subject to revision if necessary and that commercial banks may set different rates, which will be updated regularly on the NRB’s website.