KATHMANDU, Dec 20: Nepali rupee
weakened by 2 paisa this week as the Indian currency, with which rupee
is pegged, weakened negligibly against the greenback. Price of gold, on
the other hand, went down by Rs 1,135 per 10 grams over the week due to
drop in prices in the international bullion market.
CURRENCY
Nepali rupee dropped to 99.73 against US dollar losing 2 paisa over the week. Nepal Rastra Bank (NRB), the central monetary authority, opened currency trading on Sunday with exchange rate of US dollar fixed at Rs 99.71.
Rupee unchanged on Monday but gained 63 paisa on Tuesday to settle at 99.08 after the Indian currency logged gain against US dollar. The local currency, however, shed 44 paisa on Wednesday to close at 99.52. Rupee dropped another 13 paisa against US dollar on Thursday to settle at 99.65 after Indian currency weakened against the greenback.
According to Reuters, the Indian currency fell for a third session on Thursday in line with emerging market currencies as the US Federal Reserve began its long-awaited tapering, but losses were minimal as the currency is seen less vulnerable on a sharply lower current account gap.
Rupee lost 8 paisa on Friday - the last trading day of the week - to close at 99.73.
The local currency gained 39 paisa against Euro but lost a whopping Rs 1.04 against British Pound over the week. A Euro was valued at Rs 136.48 on Friday, while the Pound Sterling was exchanged at Rs 163.37.
BULLION
Gold price went down by Rs 1,115 per 10 grams this week.
Federation of Nepal Gold and Silver Dealers Associations opened bullion trading on Sunday with price of gold fixed at 45,695 per 10 grams on Sunday. On Monday, gold price went down by Rs 170 per 10 grams to Rs 45,525. The price, however, increased by Rs 85 per 10 grams to close at Rs 45,610 on Tuesday.
Gold price went down by Rs 340 per 10 grams to Rs 45,270 on Wednesday. Though gold price remained unchanged on Thursday, it declined by whopping Rs 690 per 10 grams to end the week´s trading at Rs 44,580
Price of silver dropped by Rs 15 per 10 grams this week. On Friday, silver was traded at Rs 835 per 10 grams.
Source:myrepublica.com, 20th December 2013.
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CURRENCY
Nepali rupee dropped to 99.73 against US dollar losing 2 paisa over the week. Nepal Rastra Bank (NRB), the central monetary authority, opened currency trading on Sunday with exchange rate of US dollar fixed at Rs 99.71.
Rupee unchanged on Monday but gained 63 paisa on Tuesday to settle at 99.08 after the Indian currency logged gain against US dollar. The local currency, however, shed 44 paisa on Wednesday to close at 99.52. Rupee dropped another 13 paisa against US dollar on Thursday to settle at 99.65 after Indian currency weakened against the greenback.
According to Reuters, the Indian currency fell for a third session on Thursday in line with emerging market currencies as the US Federal Reserve began its long-awaited tapering, but losses were minimal as the currency is seen less vulnerable on a sharply lower current account gap.
Rupee lost 8 paisa on Friday - the last trading day of the week - to close at 99.73.
The local currency gained 39 paisa against Euro but lost a whopping Rs 1.04 against British Pound over the week. A Euro was valued at Rs 136.48 on Friday, while the Pound Sterling was exchanged at Rs 163.37.
BULLION
Gold price went down by Rs 1,115 per 10 grams this week.
Federation of Nepal Gold and Silver Dealers Associations opened bullion trading on Sunday with price of gold fixed at 45,695 per 10 grams on Sunday. On Monday, gold price went down by Rs 170 per 10 grams to Rs 45,525. The price, however, increased by Rs 85 per 10 grams to close at Rs 45,610 on Tuesday.
Gold price went down by Rs 340 per 10 grams to Rs 45,270 on Wednesday. Though gold price remained unchanged on Thursday, it declined by whopping Rs 690 per 10 grams to end the week´s trading at Rs 44,580
Price of silver dropped by Rs 15 per 10 grams this week. On Friday, silver was traded at Rs 835 per 10 grams.
Source:myrepublica.com, 20th December 2013.
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