Nepali rupee weakened further against the US dollar by 55 paisa on Wednesday as the Indian currency recorded additional depreciation to its lowest in more than a week, amid soaring oil prices and gains of dollar against major currencies.
Accordingly, Nepal Rastra Bank, the central bank of the country, has fixed the selling exchange rate of partially convertible rupee at 75.12 per US dollar for Friday while the exchange rate was fixed at Rs 74.55 per US dollar on Thursday.
Similarly, the buying rate of a US dollar has been fixed at Rs 74.52 for Friday whereas it was Rs 73.95 per dollar on Thursday.
Since Nepali rupee maintain a fixed exchange rate with Indian currency, any fluctuations seen in the Indian currency is directly reflected in the exchange rates of Nepali rupee with other convertible currencies.
According to international news agencies, the weakening of the Indian currency against the US dollar was mainly due to rise in the dollar index, a gauge of the US unit´s performance versus six majors.
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