Latest News
Forex Update: USD Stands Firm as Euro and Pound Take a Hit
According to the latest foreign exchange rates released by Nepal Rastra Bank (NRB) for Monday, the US Dollar has held its ground at a stable price, while both the European Euro and the UK Pound Sterling experienced a minor dip. Today, the buying and selling rates for 1 US Dollar remain unchanged at Rs. 153.25 and Rs. 153.85 respectively, carrying over Sunday's valuation. Conversely, the Euro and the Pound dropped by a few paisा compared to yesterday's closing prices.
3 months ago
Inflation's Next Wave: World Bank Warns of a Massive 2026 Price Shock
The World Bank's April 2026 Commodity Markets Outlook warns of a severe economic shock as ongoing conflict in the Middle East and maritime trade disruptions threaten to drive the global commodity price index up by 16%. The report projects a massive 24% surge in global energy costs—with Brent crude potentially hitting $115 per barrel—alongside a 31% spike in fertilizer prices. This compounding crisis is expected to spark acute global food insecurity and push inflation in developing countries to a four-year high.
3 months ago
Shifting from Remittances to IT: Finance Minister Dr. Wagle Outlines Nepal’s New Economic Blueprint
Finance Minister Dr. Swarnim Wagle declared that the government is steering the country away from a two-decade reliance on foreign remittances, prioritizing digital infrastructure, e-governance, and clean energy instead. Speaking at the Nepal Business Summit, he promised a highly reform-oriented upcoming budget designed to foster private enterprise and secure a long-term "governance dividend" for the public.
3 months ago
Nabil Bank Integrates SIP Services Directly Into "nBank" App
Nabil Bank Limited has expanded its digital banking platform, "nBank," by introducing an integrated Systematic Investment Plan (SIP) service in partnership with Nabil Investment Banking Limited. This new, fee-free feature allows users- including Nepalese citizens living abroad—to register for SIPs and automate installment payments digitally via the app's homepage, advancing the bank's digital transformation goals.
3 months ago
NEPSE Flatline: Market Closes Slightly Lower at 2,730.91
Nepal Stock Exchange (NEPSE) index edged down slightly by 1.03 points (0.03%) to close at 2,730.91 amid quieter trading activity. Total intraday turnover cooled to Rs. 2.45 Arba, with Sahas Urja Limited (SAHAS) leading individual stock volumes, while the Non-Life Insurance sector bucked the minor downward trend to post the day's highest sectoral gains.
3 months ago
NRB Tightens Interest Rate Corridor with New Standing Deposit Facility
The Nepal Rastra Bank (NRB) has launched a Standing Deposit Facility (SDF) offering a fixed 3 percent interest rate to absorb excess banking liquidity and stabilize volatile money markets. While designed to establish a solid floor for the central bank's interest rate corridor, ongoing credit slumps are shifting heavy interest costs to the NRB, prompting financial experts to call for a transition from a twice-weekly window to a daily operation.
3 months ago
Gold Hits Rs 294,800; Silver Falls to Rs 5,040
Gold prices surged by Rs 800 to reach a near-record Rs 294,800 per tola, while silver bucked the upward trend, dipping by Rs 20 to settle at Rs 5,040 per tola in the local Nepali market.
3 months ago
Indian Stocks Face Severe Foreign Sell-Off in May; Capital Outflow Hits Record INR 2.2 Lakh Crore This Year
Foreign Portfolio Investors (FPIs) pulled an additional INR 27,048 crore from Indian equities in May 2026, pushing total year-to-date capital flight to a staggering INR 2.2 lakh crore. This rapid unwinding, which already outpaces the entire capital exit of 2025, has placed severe pressure on the local currency, dragging the Indian Rupee down to an all-time low of 96.14 against the US Dollar.
3 months ago
Nadep Laghubitta Declares No Dividend This Year
Nadep Laghubitta (NADEP) has decided to skip dividend distribution for its shareholders this year. Following a board meeting on May 14, the company resolved to forward its financial statements for the last fiscal year to the Nepal Rastra Bank for final approval without proposing any bonus shares or cash dividends.
3 months ago
Sanima Equity Fund 2 IPO: Closing Today!
The public issue of 'Sanima Equity Fund 2', a 10-year closed-ended mutual fund scheme managed by Sanima Capital, is closing today ahead of schedule. Out of the total 100 million units issued at a face value of Rs. 10 per unit, 85 million units were made available to the general public, drawing massive investor interest that led to an early closure.
3 months ago
Forex Update: Central Bank Reveals Latest Exchange Rates with US Dollar Trading at Rs. 153.85
Nepal Rastra Bank (NRB) has published the official foreign exchange rates for May 17, 2026. Under the new guidelines, the US Dollar is locked at a buying price of Rs. 153.25 and a selling price of Rs. 153.85, while the British Pound scales past the Rs. 205 threshold.
3 months ago
The Trillion-Rupee Tournament: 2026 World Cup Set to Trigger a $100 Billion Economic Windfall
The upcoming 2026 FIFA World Cup, jointly hosted by the USA, Canada, and Mexico, is projected to shatter all historical records with an economic turnover reaching up to $100 billion. To combat extreme North American summer temperatures, FIFA has introduced an unprecedented rule mandating official "cooling breaks" during both halves of every match to protect player welfare.
3 months ago