NPR Market Update
16 May 2026 • 01:24 GMT
The Nepalese Rupee continues to hover near its 90-day lows against the US dollar, trading around 0.006513. This is roughly 3% below its recent three-month average. The main factors influencing the NPR include Nepal's growing foreign exchange reserves, which have now surpassed NPR 3.2 trillion thanks to consistent remittance inflows. Additionally, the lifting of Nepal's ban on high-denomination Indian rupees has eased cross-border transactions, providing some relief for traders and travelers. However, ongoing political protests and instability remain a concern, potentially impacting investor confidence and currency stability. against the US dollar, the NPR has remained within a narrow range, reflecting cautious market sentiment. Other currencies, such as the euro and the pound, are also trading slightly below their recent averages, but the US dollar's retreat is currently the most significant development. Overall, while the Nepalese Rupee is showing some resilience, ongoing political uncertainties and external factors suggest that the currency could experience further fluctuations in the coming weeks.