Money

Strong dollar makes imports dearer as festivals approach

A rising US dollar is going to make the upcoming festive season painful for the general public as dearer imports will force them to fork out more cash to buy the same amount of goods. Nepal Rastra Bank (NRB) fixed the exchange rate of the US dollar at Rs116.10 on Thursday. Compared to the beginning of the current fiscal year which started in mid-July, the Nepali rupee has depreciated by almost Rs7 per dollar.Strong dollar makes imports dearer as festivals approach
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Bibek Subedi
Published at : September 22, 2018
Updated at : September 22, 2018 08:31
Kathmandu


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