Dollar reached a new high on Sunday, such is the value of 1 dollar
The value of the dollar is currently rising globally.
KATHMANDU: The dollar rose to a new high on Sunday. On this day, the price of 1 dollar has reached 126 rupees 78 paise. Earlier, the dollar had touched Rs 126.66 on Friday.
The value of the dollar is currently rising globally. The dollar’s value has risen due to its widespread use in international trade, the weakening of the Russian currency, the ruble, as a result of the Russia-Ukraine war, and the dollar’s depreciation.
In the case of Nepal, the dollar’s appreciation against the Indian currency has increased the dollar’s value against the Nepalese currency.
The Nepalese rupee, in particular, has a stable exchange rate with the Indian currency.
As a result, when the Indian currency falls in value relative to the dollar, Nepal’s currency falls in value as well.
