The buying price of one US dollar today is fixed at Rs 130.30 and the selling price is fixed at Rs 130.90. This is the first time in history that the Nepalese rupee has become so weak.

According to Nepal Rastra Bank data, the Nepalese rupee fell to a 3-digit exchange rate on January 28, 2014, for the first time, after a continuous fall out from a buying price of 58.50 rupees and a selling price of 59.05 rupees to a US dollar on October 8, 1977. The purchase price of one US dollar on January 28, 2014, was 100. 67 and the selling price was 101.27. In the middle, the Nepalese rupee again stabilized at a 2-digit exchange rate, but after about 11 months, it fell again to a 3-digit exchange rate in December 2014. The Nepalese rupee has been falling continuously since December 2014. Nepali rupee which has been depreciating by maintaining the exchange rate of 3 digits is getting weaker day by day. Today the buying price of one US dollar has reached 130.30 rupees and the selling price has reached 130.90 rupees.

At a time when central banks around the world are raising interest rates to control inflation The US Federal Reserve Bank has also increased the interest rate and the dollar is getting stronger. Also, due to the energy supply and crisis in the European market due to the Russia-Ukraine war, the euro has also become weaker compared to the dollar.

Also, it is said that the Nepalese rupee, which has maintained a stable exchange rate with the Indian currency, has weakened due to the decline in the Indian economy. However, the Indian economy, for the first time in history, became stronger in 2022, surpassing the UK to become the fifth largest economy in the world.

Overall, the import-oriented and dependent economy of Nepal, is seen to be losing more with the rise in the dollar. As the value of the dollar increases, it is seen that the debt obligations of the Nepalese government will also increase. It seems that Nepal’s economy is becoming a risk day by day, as it is being presented weakly in the world market due to lack of production-oriented economy, unnecessary foreign loans and unstable politics.