Nepal Rastra bank is known as the central bank of Nepal, established in 1956. Its main responsibilities is to develop the country’s financial sector under the rules of banking policy act 1955. The Rastra bank monitor the foreign exchange rate and develop the policy on the development of economy of Nepal. Its main work is to control the whole economy of the country including supervision of the banking and financial sector in order.
In addition, Nepal Rastra Bank Act 2002 which replaces the erstwhile Act has ensured operational autonomy and independence to the Bank. The key objectives of the Bank are to achieve price and balance of payments stability, manage liquidity and ensure financial stability, develop a sound payments system, and promote financial services. Nepal Rastra Bank (NRB) has tightened controls on the exchange of Indian currency amid an unwarranted surge in demand and a growing trend of selling it on the black market.
Exchange Rates Fixed by Nepal Rastra Bank
Currency Unit Buying/Rs. Selling/Rs.
Indian Rupee
100
160.00
160.15
Open Market Exchange Rates
(For the purpose of Nepal Rastra Bank)
Currency Unit Buying/Rs. Selling/Rs.
U.S. Dollar
1
107.17
107.77
European Euro
1
118.35
119.01
UK Pound Sterling
1
141.77
142.57
Swiss Franc
1
109.00
109.62
Australian Dollar
1
81.38
81.83
Canadian Dollar
1
82.74
83.20
Singapore Dollar
1
79.45
79.89
Japanese Yen
10
10.15
10.21
Chinese Yuan
1
15.99
16.08
Saudi Arabian Riyal
1
28.58
28.74
Qatari Riyal
1
29.43
29.59
Thai Baht
1
3.06
3.08
UAE Dirham
1
29.18
29.34
Malaysian Ringgit
1
26.94
27.09
South Korean Won
100
9.42
9.47
Only Buying rates
Currency Unit Rates/Rs.
Swedish Kroner
1
12.52
Danish Kroner
1
15.92
Hong Kong Dollar
1
13.82
Kuwaity Dinar
1
354.45
Bahrain Dinar
1
283.93
Note: Under the present system the open market exchange rates
quoted by different banks may differ.