The Nepali Rupee further
depreciated to an all time low against the US dollar as Nepal Rastra Bank has
fixed the exchange rate at Rs. 93.79 per dollar for Wednesday.
The devaluation of Nepali
Currency pegged Rs. 0.86 from Tuesday’s 92.93 per dollar following the
depreciation of Indian Currency (IC) against US dollar.
IC has plunged to record low of
IRs. 58.38 per dollar on Tuesday from Monday’s IRs. 57.98 per dollar.
The IC has depreciated
following increased demand for dollars by oil importers, among other factors,
and amid growing investor confidence in the greenback.Nepalnews.com
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