Business

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Friday, showing a slight decline in the value of the U.S. Dollar. According to NRB, the buying rate for one U.S. Dollar is Rs. 140.22, while the selling rate is Rs. 140.82. Similarly, the exchange rates for other major currencies are as follows: CurrencyUnitBuying Rate (Rs.)Selling Rate (Rs.)U.S. Dollar (USD)1140.22140.82European Euro (EUR)1163.31164.01U.K. Pound Sterling (GBP)1188.21189.02Swiss Franc (CHF)1175.75176.50Australian Dollar (AUD)191.2391.62Canadian Dollar (CAD)199.81100.23Singapore Dollar (SGD)1108.19108.65Japanese Yen (JPY)109.269.30Chinese Yuan (CNY)119.6819.76Saudi Arabian Riyal (SAR)137.3937.55Qatari Riyal (QAR)138.4738.63Thai Baht (THB)14.314.33UAE Dirham (AED)138.1838.34Malaysian Ringgit (MYR)133.1733.31South Korean Won (KRW)1009.899.93Swedish Kroner (SEK)114.8314.89Danish Kroner (DKK)121.8721.96Hong Kong Dollar (HKD)118.0418.12Kuwaiti…

The Nepal Stock Exchange (NEPSE) index dropped by 18.40 points on Thursday, closing at 2,487 points, marking the lowest level since Ashoj 13 last year. The market has been on a continuous downward trend over the past few days. During today’s trading session, the share prices of 45 companies increased, while 197 declined, and 9 remained unchanged. Despite the fall in the index, the trading volume increased slightly. NEPSE reported a total turnover of NPR 3.27 billion, compared to NPR 3.10 billion the previous day. Among the sectoral indices, only the banking sector rose slightly by 0.02%, while all other…

Nepal Rastra Bank has determined the foreign exchange rates for Thursday. According to the central bank, the buying rate of one US dollar is set at Rs. 140.63, and the selling rate is Rs. 141.23. Similarly, the buying rate of one Euro is Rs. 163.53, and the selling rate is Rs. 164.23. Likewise, the buying rate for one Pound Sterling is Rs. 187.87 and the selling rate is Rs. 188.67. The Swiss Franc is valued at Rs. 175.73 for buying and Rs. 176.48 for selling. The buying rate of one Australian Dollar is Rs. 91.68, and the selling rate is…

The Nepal Stock Exchange (NEPSE) index declined by double digits on Wednesday, dropping 22.58 points to close at 2,505 points. A total of 40 companies saw their share prices rise, while 206 companies experienced a decline. The total transaction amount for the day stood at over NPR 3.10 billion. Nepal Reinsurance Company recorded the highest trading value, with shares worth NPR 205.4 million exchanged. It was followed by Himalayan Reinsurance, which saw transactions worth NPR 134.9 million. Among the top gainers, investors in Samata Domestic Microfinance Financial Institution earned the most, with the company’s share price increasing by 6.93%. On…

Nepal Rastra Bank (NRB) has announced the official foreign exchange rates for today. According to the central bank, the buying rate for one US dollar is set at Rs. 141.78, while the selling rate is Rs. 142.38. Similarly, the buying and selling rates for other major currencies are as follows: Euro (EUR): Buying Rs. 163.85 | Selling Rs. 164.54 Pound Sterling (GBP): Buying Rs. 188.16 | Selling Rs. 188.95 Swiss Franc (CHF): Buying Rs. 176.32 | Selling Rs. 177.07 Australian Dollar (AUD): Buying Rs. 91.50 | Selling Rs. 91.89 Canadian Dollar (CAD): Buying Rs. 100.79 | Selling Rs. 101.22 Singapore…

Nepal Rastra Bank has published the foreign exchange rates for Monday. According to the central bank, the value of the US dollar remains stable. The buying rate for one US dollar has been set at Rs. 141.60 and the selling rate at Rs. 142.20. Similarly, the buying rate for one Euro is Rs. 164.54 and the selling rate is Rs. 165.24. The buying rate for one UK Pound Sterling is Rs. 189.17 and the selling rate is Rs. 189.97. The Swiss Franc is valued at a buying rate of Rs. 177.19 and a selling rate of Rs. 177.94. The buying…

The Nepal Stock Exchange (NEPSE) witnessed a sharp decline today (Sunday), dropping 78.83 points to close at 2,503.35 points. A total of 14,364,682 shares of 324 companies were traded today, with a total turnover of Rs. 6.70 billion (6 Arba 70 Crore 72 Lakh 45 Thousand 266). All sectors recorded a decline. Among the gainers, Nepal Micro Insurance Company saw the highest rise of 6.01%, followed by Panchakanya Mai Hydro, which increased by 4.90%. On the losing side, Butwal Power Company suffered the sharpest drop of 9.27%. In terms of trading volume, Nepal Reinsurance Company (NRIC) led the market with…

The Nepali market witnessed a significant rise in gold prices on Sunday. According to the Nepal Gold and Silver Dealers Association, the price of sheet gold (Chhapawal) increased by Rs. 3,000 per tola, reaching Rs. 238,000 per tola. On Friday, sheet gold was traded at Rs. 235,000 per tola. Similarly, silver prices also hit a new historic high. On Sunday, the price of silver rose by Rs. 40 per tola, reaching Rs. 3,125 per tola. On Friday, silver was traded at Rs. 3,085 per tola. The association noted that this increase sets a new record for silver prices in the…

Shrinagar Agritech Industries Limited has announced that its Initial Public Offering (IPO) for general investors will open from Sunday, Ashoj 26. The company had earlier completed the first phase of IPO allocation for local residents of industry-affected areas and Nepalis working abroad. Now, in the second phase, the IPO will be open to the general public. The company’s issued capital stands at Rs. 1,63,12,50,000 (163.125 million). The Nepal Securities Board (SEBON) has approved the issuance of 20% of the capital, equivalent to Rs. 32,62,50,000, through 32,62,500 ordinary shares. In the first phase, the company allocated: 1,63,125 shares to local residents…

The Nepal Rastra Bank (NRB) has announced that casinos and similar institutions must obtain permission to conduct foreign currency transactions, including Indian currency. In a notice issued recently, the central bank stated that this new arrangement aligns with Section 3 of the Foreign Exchange (Regulation) Act, 2019, which mandates prior approval for engaging in foreign exchange activities. Recalling various regulations previously issued concerning foreign exchange, the NRB clarified that the new provision specifically pertains to granting permission to casinos to deal in foreign currency. The notice further mentioned that casinos and other related institutions must ensure all foreign currency transactions…