RUPEE FALLS High Inflation Risk

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: justify;"> <iframe allowfullscreen="" frameborder="0" height="420" src="https://www.youtube.com/embed/0GzbHkhWmnM" width="650"></iframe> Nepali rupee recorded back-to-back drop of over one percent and fell to a historic low against a US dollar last week after gloom reigned in equity markets and oil importers and overseas investors bought more dollars in Nepal.With the rise of US dollars, Nepal Oil Corporation has already started rationing the petroleum products citing a heavy loss in import. The indication of the NOC is clear that it wants to increase the current prices.Nepal Rastra Bank (NRB), the country´s monetary authority that adjusts the value of rupee depending on the movement of Indian currency vis-à-vis US dollars, set the price of the greenback at Rs 84.20 for last Wednesday.</div> </div>

RUPEE FALLS High Inflation Risk

Nepali rupee recorded back-to-back drop of over one percent and fell to a historic low against a US dollar last week after gloom reigned ...

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