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Forex Update: Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar and Euro Hold Strong

Nepal Rastra Bank (NRB) has released the official foreign exchange rates for Friday, setting the US Dollar selling rate at Rs 153.52 and the European Euro at Rs 177.12, while noting that commercial bank rates may slightly vary.

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Forex Update: Nepal Rastra Bank Unveils Today's Foreign Exchange Rates; US Dollar and Euro Hold Strong

Nepal Rastra Bank (NRB) has determined the official foreign exchange rates for Friday, establishing the reference benchmarks for commercial banks and financial institutions across the country. According to the central bank's update, the purchase rate for one US Dollar has been fixed at Rs 152.92, with the selling rate positioned at Rs 153.52. Among major European currencies, the European Euro stands at a purchase rate of Rs 176.43 and a selling rate of Rs 177.12, while the UK Pound Sterling is being bought at Rs 204.35 and sold at Rs 205.16. For Oceania and North American currencies, the Australian Dollar has its purchase and selling rates set at Rs 106.97 and Rs 107.39 respectively, while the Canadian Dollar trades at a buying rate of Rs 109.41 and a selling rate of Rs 109.84. The central bank clarified that these rates are subject to revision at any time based on market necessities and that retail exchange rates at individual commercial banks may fluctuate from the central reference point.

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