The Nepali rupee today dropped to less
than Rs 100 against the greenback.
Though the central bank has fixed Rs
99.72 as the reference selling rate for one US dollar for today, the banks sold
a US dollar at above Rs 100 as they have been allowed to fix their own
rate.
The central bank has fixed Rs 100.32 as
the reference selling rate for a US dollar for tomorrow.
The US dollar – due to weak Indian
currency with which Nepali currency is pegged – has been below Rs 100 after
October 3.
The Indian rupee hit its low of Rs 62.58
today the lowest since October 2 on sluggish domestic equities and demand from
private oil companies – according to news agencies – pulling the Nepali rupee
along with it.
Likewise, the precious yellow metal has also gained Rs 200 per
tola – 11.664 gram – in the domestic market and being traded at Rs 56, 200 per
tola due to string US dollar.
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