US Dollar Eases Slightly After Recent Highs; Nepali Rupee Strengthens Marginally
The US dollar weakened slightly on Friday after reaching recent highs, with the Nepali rupee improving marginally in NRB’s latest forex rates.
The US dollar edged down slightly on Friday after several days of elevated trading levels, according to the foreign exchange rates published by Nepal Rastra Bank (NRB). The central bank set the buying rate for one US dollar at NPR 143.67 and the selling rate at NPR 144.27—both lower than Thursday’s rates of NPR 144.01 and NPR 144.61, respectively.
The slight decline offers modest relief to the Nepali rupee, which typically weakens when the dollar appreciates. A stronger dollar increases Nepal’s import costs, raises the burden of interest payments on foreign loans, and pushes up the cost of goods and services purchased in dollars. Conversely, remittance inflows, export earnings, and tourism revenues appear higher in rupee terms when the dollar climbs.
International reports suggest the Indian rupee’s weakness—exacerbated by the United States’ 50% tariff on select Indian exports—has also influenced regional currency movements.
Other Major Forex Rates
NRB’s updated exchange list shows similar fluctuations across major currencies:
Euro: Buying NPR 167.73 | Selling NPR 168.44
British Pound: Buying NPR 191.89 | Selling NPR 192.69
Swiss Franc: Buying NPR 179.61 | Selling NPR 180.36
Australian Dollar: Buying NPR 94.97 | Selling NPR 95.37
Canadian Dollar: Buying NPR 102.86 | Selling NPR 103.29
Singapore Dollar: Buying NPR 110.95 | Selling NPR 111.42
Asian currencies also showed mixed movement:
Japanese Yen (10 units): Buying NPR 9.29 | Selling NPR 9.33
Chinese Yuan: Buying NPR 20.32 | Selling NPR 20.40
Thai Baht: Buying NPR 4.49 | Selling NPR 4.51
Gulf currencies remained relatively stable:
Saudi Riyal: Buying NPR 38.28 | Selling NPR 38.44
Qatari Riyal: Buying NPR 39.43 | Selling NPR 39.59
UAE Dirham: Buying NPR 39.12 | Selling NPR 39.28
Omani Riyal: Buying NPR 373.16 | Selling NPR 374.72
Kuwaiti Dinar: Buying NPR 468.42 | Selling NPR 470.38
NRB has set the exchange rate for 100 Indian Rupees at NPR 160 (buying) and NPR 160.15 (selling).
Analysts say currency volatility is likely to continue as global markets respond to shifting trade policies, interest rate expectations, and geopolitical uncertainties.