US dollar above Rs 100, imported products to be more expensive

US dollar above Rs 100, imported products to be more expensive

Imported products are again going to be more expensive as the US dollar started becoming stronger against the Nepali currency. The central bank has fixed Rs 100 per US dollar as reference exchange rate for selling for Tuesday. Likewise, the buying reference rate has been fixed at Rs 99.40. Earlier, the greenback was as strong as Rs 100 on December 4 but Nepali currency had started gaining and remained below Rs 100. However, Nepali currency is pegged to Indian currency that has started losing ground against the greenback recently due to disappointing performance of Indian stocks, and stronger economies in the Asian region.
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