Economy News
Nepal’s Economy Grows 3.51% in Third Quarter, Led by Power and Financial Sectors
Preliminary estimates show Nepal's GDP expanded 3.51% year-on-year in the third quarter of FY 2025/26, supported by strong growth in electricity, finance, and trade.
3 months ago
Nepal’s Economy Estimated to Grow 3.51% in Third Quarter of FY 2025/26
Improved electricity generation, financial services, and trade activities drive Nepal's economic growth, while agriculture and manufacturing remain subdued.
3 months ago
Gold, Silver Prices Edge Lower in Nepal
Gold prices fell by Rs 400 per tola, while silver declined by Rs 10 per tola in the domestic market on Sunday, according to the Federation of Nepal Gold and Silver Dealers' Association.
3 months ago
Nepal Moves to Grant Legal Status to Central Bank Digital Currency
A proposed amendment to the Nepal Rastra Bank Act would recognize a central bank digital currency (CBDC) as legal tender, placing it on par with physical banknotes and coins while paving the way for digital banks and fintech firms under the central bank's direct oversight.
3 months ago
Gold Price Jumps by Rs. 7,200 Per Tola, Nears Rs. 291,000
Gold prices surged by Rs. 7,200 per tola on Friday, while silver also gained Rs. 165, continuing the upward trend in Nepal's bullion market.
3 months ago
Nepal Tourism Booms: June 2026 Tourist Arrivals Surge by 19.5% to Smashes Pre-Pandemic Records
Nepal welcomed 91,363 foreign tourists by air in June 2026, marking a robust 19.5% year-on-year growth and comfortably outpacing pre-pandemic levels, with Indian and American travelers continuing to anchor the inbound market.
3 months ago
Precious Metals Witness Unprecedented Rally; Gold Soars by Rs 6,200 per Tola
Domestic gold and silver prices chart a steep upward trajectory following aggressive bullish trends in global markets.
3 months ago
NRB Fixes Foreign Exchange Rates; US Dollar Selling Rate at Rs 151.76
Nepal Rastra Bank (NRB) has announced the official foreign exchange rates for Wednesday, determining the purchase and selling benchmarks for major global currencies. Under the latest updates, the US Dollar buying and selling rates stand at Rs 151.16 and Rs 151.76 respectively, while the Indian Rupee continues its peg with a fixed purchase rate of Rs 160 per 100 INR.
3 months ago
Gold and Silver Prices Decline in Nepalese Market
The domestic precious metals market in Nepal witnessed a downward trend on Wednesday, Asar 17, as both gold and silver prices registered losses. According to the Federation of Nepal Gold and Silver Dealers' Association, fine gold dropped by Rs 600 per tola, while silver prices decreased by Rs 15 per tola, continuing a recent streak of price declines.
3 months ago
Financial Disclosure Reveals President Trump Earned Over $1 Billion From Cryptocurrency Ventures
According to his mandatory 927-page financial disclosure for 2025, US President Donald Trump accumulated more than $1 billion in earnings from cryptocurrency dealings. Despite severe ethics criticisms regarding blatant conflicts of interest, the White House has heavily dismissed the claims, maintaining that the President's actions serve the American public and have successfully positioned the country as the global crypto capital.
3 months ago
NOC Slashes Fuel Prices; Petrol Drops by Rs 20, Cooking Gas Down by Rs 100
The state-owned Nepal Oil Corporation (NOC) has announced a significant reduction in the retail prices of major petroleum products and cooking gas. Driven by its automated pricing mechanism and declining procurement costs from India, the rate cuts bring widespread relief to consumers, with petrol prices slashed by Rs 20 per liter and cooking LPG reduced by Rs 100 per cylinder.
3 months ago
Nepal Rastra Bank Unveils Daily Reference Rates for Major Foreign Currencies
Nepal's central bank, Nepal Rastra Bank (NRB), has issued its official foreign exchange rate schedule for today, Monday. The benchmark update positions the selling price of the US Dollar at Rs. 151.34 and the European Euro at Rs. 172.29, serving as the foundational metrics for commercial banking counters nationwide.
3 months ago