Thursday, August 22, 2013

Rupee sinks further, hits a low of 103.50 per US dollar

Nepali rupee continued its free fall against the greenback as the rupee witnessed a single-day fall of Rs 2.03 per US dollar.
The central bank has fixed Rs 103.50 as a reference exchange rate for tomorrow.
The weakening Indian rupee has pulled the Nepali rupee together as it has been pegged at Rs 160.
According to the various media reports in India, the Indian rupee dropped to an all-time low of 65.04 against the US dollar today despite Reserve Bank of India (RBI) interventions also due to growing outflow of capital from India.

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