Nepal Rastra Bank, the central bank, has announced increased exchange rates for most major foreign currencies against the Nepali Rupee for today, Wednesday, October 7, 2026. The upward revision affects currencies including the US Dollar, Euro, Pound Sterling, Australian Dollar, Kuwaiti Dinar, and Bahraini Dinar.
According to the rates set by Nepal Rastra Bank, the buying rate for one US Dollar is now Rs 153.98, with a selling rate of Rs 154.58. This marks an increase from Tuesday’s rates of Rs 153.78 for buying and Rs 154.38 for selling. The highest exchange rate for the US Dollar recorded to date was on May 21, 2026 (Jeth 7, 2083 BS), when it reached Rs 154.62 for buying and Rs 155.22 for selling.
For the Euro, the buying rate has been set at Rs 173.17 and the selling rate at Rs 173.84 today. This is up from yesterday’s rates of Rs 172.32 (buying) and Rs 172.99 (selling). Similarly, one Pound Sterling can be bought for Rs 203.95 and sold for Rs 204.75, an increase from Tuesday’s Rs 203.32 (buying) and Rs 204.11 (selling).
The Australian Dollar’s buying rate is Rs 107.32 and its selling rate is Rs 107.74, compared to Rs 107.03 (buying) and Rs 107.45 (selling) on Tuesday. Other currencies also saw increases: one Kuwaiti Dinar is now Rs 499.69 (buying) and Rs 501.64 (selling), while one Bahraini Dinar is Rs 408.41 (buying) and Rs 410.00 (selling).
The exchange rate for the Indian Rupee remains stable, with 100 Indian Rupees set at a buying rate of Rs 160.00 and a selling rate of Rs 160.15. Nepal Rastra Bank maintains a fixed exchange rate system with the Indian currency, a policy that has been in place since 2049 BS (1992-1993). For other convertible foreign currencies, Nepal adopts a flexible exchange rate system, which was implemented on February 13, 1993 (Falgun 1, 2049 BS).
Background
Nepal Rastra Bank determines the exchange rates for twenty convertible foreign currencies and the Indian Rupee. The central bank recently eased its foreign currency exchange policy by increasing limits for medical treatment, telecommunications, and airline equipment imports. Dr. Bishwanath Paudel serves as the Governor of Nepal Rastra Bank.
Future Outlook
Nepal Rastra Bank has stated that the exchange rates can be revised at any time as needed. Commercial banks in Nepal may set their own exchange rates, which can differ from those announced by the central bank, with updated rates available on the NRB website.
In broader economic developments, the government recently approved the Alternative Development Finance Mobilization Regulations, 2083. It also sanctioned a grant of approximately Rs 100 million from the Norwegian government to promote clean energy transformation in municipalities. Finance Minister Dr. Swarnim Wagle recently discussed mobilizing about one billion US Dollars in resources with World Bank Group President Ajay Banga for reconstruction, macroeconomic reforms, insurance, and social protection.
The specific reasons behind the current increase in foreign currency values have not been explicitly stated by Nepal Rastra Bank. Furthermore, a detailed analysis of the long-term economic impact of these rising foreign exchange rates is not yet available.
