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ECONOMY

Forex update: Dollar holds steady as Euro and Pound decline

The buying rate of one US dollar stood at Rs 148.39 and the selling rate at Rs 148.99, unchanged from Sunday. In contrast, the euro weakened slightly. The buying rate for one euro dropped to Rs 174.56, with the selling rate set at Rs 175.26. On the previous day, the buying rate was Rs 175.06 and the selling rate Rs 175.76.
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By REPUBLICA

KATHMANDU, April 20: The exchange rate of the US dollar remained unchanged on Monday, while the euro and the British pound sterling recorded a decline, according to the latest figures published by Nepal Rastra Bank.



The buying rate of one US dollar stood at Rs 148.39 and the selling rate at Rs 148.99, unchanged from Sunday.


In contrast, the euro weakened slightly. The buying rate for one euro dropped to Rs 174.56, with the selling rate set at Rs 175.26. On the previous day, the buying rate was Rs 175.06 and the selling rate Rs 175.76.


Similarly, the British pound also declined marginally. The buying rate stood at Rs 200.57 and the selling rate at Rs 201.38, compared to Sunday’s buying rate of Rs 200.75 and selling rate of Rs 201.56.


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Other major currencies showed mixed movements. The Swiss franc recorded a slight increase, with a buying rate of Rs 189.79 and a selling rate of Rs 190.56. The Australian dollar stood at Rs 106.37 for buying and Rs 106.80 for selling, while the Canadian dollar was valued at Rs 108.37 for buying and Rs 108.80 for selling.


The Singapore dollar was traded at Rs 116.83 (buying) and Rs 117.30 (selling). The Japanese yen, measured per 10 units, stood at Rs 9.35 for buying and Rs 9.39 for selling. The Chinese yuan was priced at Rs 21.77 for buying and Rs 21.85 for selling.


Among Gulf currencies, the Saudi riyal and Qatari riyal remained stable, with buying rates of Rs 39.56 and Rs 40.70 respectively, and selling rates of Rs 39.72 and Rs 40.86. The UAE dirham also remained unchanged at Rs 40.40 for buying and Rs 40.56 for selling.


The Malaysian ringgit held steady at Rs 37.54 (buying) and Rs 37.70 (selling), while the South Korean won (per 100 units) rose slightly to Rs 10.11 for buying and Rs 10.16 for selling.


European currencies showed minor adjustments, with the Swedish krona at Rs 16.19 (buying) and Rs 16.26 (selling), and the Danish krone at Rs 23.36 (buying) and Rs 23.45 (selling). The Hong Kong dollar remained stable at Rs 18.95 for buying and Rs 19.02 for selling.


Among high-value currencies, the Kuwaiti dinar was priced at Rs 484.38 for buying and Rs 486.34 for selling, while the Bahraini dinar stood at Rs 393.61 (buying) and Rs 395.20 (selling). The Omani riyal increased slightly to Rs 385.93 for buying and Rs 387.49 for selling.


The central bank noted that exchange rates are subject to change based on market conditions.


 


 

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