Business

Nepal Rastra Bank has published the official foreign exchange rates for Friday . According to the central bank, 1 US Dollar is being bought at NPR 137.96 and sold at NPR 138.56. The buying and selling rates for 1 Euro are NPR 162.08 and NPR 162.78 respectively, while for 1 British Pound, the rates are NPR 186.81 and NPR 187.62. Similarly, the Swiss Franc is being exchanged at NPR 173.62 (buying) and NPR 174.38 (selling), and the Australian Dollar at NPR 91.21 and NPR 91.61. The buying and selling rates for 1 Canadian Dollar are NPR 101.33 and NPR 101.77,…

Nepal Rastra Bank has set the foreign currency exchange rates for today. According to the central bank, the buying rate for one US Dollar is NPR 137.96, and the selling rate is NPR 138.56. The buying and selling rates for other major currencies are as follows: Euro: NPR 161.78 (buying), NPR 162.48 (selling) UK Pound Sterling: NPR 186.70 (buying), NPR 187.51 (selling) Swiss Franc: NPR 173.86 (buying), NPR 174.62 (selling) Australian Dollar: NPR 90.96 (buying), NPR 91.35 (selling) Canadian Dollar: NPR 101.56 (buying), NPR 102.00 (selling) Singapore Dollar: NPR 108.00 (buying), NPR 108.47 (selling) For Asian currencies: Japanese Yen (per…

The Kalimati Fruits and Vegetables Market Development Committee has announced the maximum wholesale prices for various agricultural products for today. The prices for selected vegetables and fruits are as follows: Large Nepali tomatoes: NPR 60/kg, Small (Tunnel) tomatoes: NPR 35/kg Red potatoes (local): NPR 46/kg, Red potatoes (Indian): NPR 32/kg, Red potatoes (Mudé): NPR 40/kg Dried onions (Indian): NPR 40/kg Carrots (local): NPR 100/kg, Carrots (Terai): NPR 85/kg Cabbage (local): NPR 30/kg, Cauliflower (local): NPR 70/kg, Cauliflower (Terai): NPR 60/kg Red radish: NPR 50/kg, White radish (hybrid): NPR 35/kg Long beans: NPR 30/kg, Round beans: NPR 40/kg, Pole beans: NPR…

Demat accounts with no shareholding and no activity for a long time are now set to be suspended, while those that have not been renewed for over five years will be closed. This provision is part of the Securities and Commodities Market Policy and Program for the fiscal year 2082/83, announced by the Securities Board of Nepal (SEBON) on Wednesday. SEBON has already instructed the Central Depository System and Clearing Ltd. (CDSC) to implement this provision. Under the new directive, demat accounts with no securities and no renewal for five years can be closed. If the renewal fee has not…

Kathmandu – Gaurav Agrawal, Chairman of Shikhar Insurance Company Limited, has been honored by the Government of Nepal as a Commercially Important Person (CIP). According to the company, Shikhar Insurance has consistently reached new heights due to Chairman Agrawal’s commitment to excellence and his significant contribution to the national economy. This recognition further acknowledges Agrawal’s business leadership and his vital role in the economic development of the country.

The Nepal Stock Exchange (NEPSE) index saw a modest improvement today, rising by 5.17 points to close at 2,978.88. A total of 319 companies were traded, with 44,866,159 shares changing hands across 170,318 transactions. The total trading volume amounted to approximately NPR 19.57 billion. Several sectors saw a decline, including banking (down 0.25%), development banks (down 0.92%), hotels and tourism (down 1.10%), life insurance (down 0.50%), microfinance (down 0.72%), and non-life insurance (down 0.61%). However, other sectors posted gains, with the finance group recording the highest increase at 3.23%. Hydropower rose by 0.88%, investment by 0.90%, manufacturing and processing by…

Kathmandu, July 23 – On the fourth trading day of the week (Wednesday), the price of gold has increased in the Nepali market. According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of hallmark gold rose by NPR 2,100 per tola today. With this increase, hallmark gold is now being traded at NPR 197,600 per tola. Likewise, silver has also seen a price hike of NPR 30 per tola, bringing its trading price to NPR 2,350 per tola, the Federation reported.

Nepal’s stock market saw a significant surge on Tuesday, the third trading day of the week, with the NEPSE index rising by 80.97 points to close at 2,973.70. Similarly, the Sensitive Index climbed 14.48 points to reach 516.98. The bullish momentum also boosted market turnover. A total of 43,581,228 shares of 319 scrips were traded, resulting in a total turnover of NPR 20.08 billion—an increase compared to Monday’s trading volume. Three companies hit the positive circuit level: Trade Tower, Shivam Cements, and Sanvi Energy. Shares of Unnati Sahakari Laghubitta rose by 9.90 percent, while Bindhyabasini Hydropower Development climbed 9.76 percent.…

Share market investor Dipendra Agrawal has been remanded to three days in police custody by the Kathmandu District Court. Agrawal, who was arrested on Monday, faces allegations of fraud and breach of trust. According to police, he is accused of deceiving individual investors and securities brokerage firms through his share trading activities. A complaint had also been lodged at the Securities Board of Nepal (SEBON) regarding Agrawal’s trading practices. He is suspected of operating multiple TMS (Trading Management System) accounts, a matter currently under investigation by SEBON. Further investigations are ongoing to determine the extent of the alleged fraud.

Nepal Rastra Bank (NRB) has announced the official foreign currency exchange rates for today. According to the central bank, the buying rate for 1 US dollar has been set at NPR 137.54, and the selling rate at NPR 138.14. For the Euro, the buying rate is NPR 159.90 and the selling rate is NPR 160.60. The UK Pound Sterling is being traded at a buying rate of NPR 184.42 and a selling rate of NPR 185.23. The Swiss Franc has a buying rate of NPR 171.61 and a selling rate of NPR 172.36. Other major currencies include: Australian Dollar: Buying…