Nepal Rastra Bank, the central bank, has set the foreign exchange rates for Friday, October 2, 2026. According to the central bank, the buying rate for one US dollar is Rs 153.81, and the selling rate is Rs 154.41.
The European Euro’s buying rate is Rs 173.31 and its selling rate is Rs 173.99. The UK Pound Sterling is set at a buying rate of Rs 202.94 and a selling rate of Rs 203.74. One hundred Indian Rupees have a buying rate of Rs 160.00 and a selling rate of Rs 160.15.
The central bank also determined rates for other major currencies. One Swiss Franc is set at a buying rate of Rs 183.76 and a selling rate of Rs 184.48. The Australian Dollar’s buying rate is Rs 106.61 and selling rate is Rs 107.03. For the Canadian Dollar, the buying rate is Rs 107.88 and the selling rate is Rs 108.30. The Singapore Dollar is at Rs 120.01 for buying and Rs 120.48 for selling.
Ten Japanese Yen have a buying rate of Rs 9.71 and a selling rate of Rs 9.75. The Chinese Yuan’s buying rate is Rs 22.94 and its selling rate is Rs 23.03. The Saudi Arabian Riyal’s buying rate is Rs 40.96 and its selling rate is Rs 41.12. The Qatari Riyal has a buying rate of Rs 42.20 and a selling rate of Rs 42.36.
Other rates include one Thai Baht at Rs 4.56 (buying) and Rs 4.58 (selling), one UAE Dirham at Rs 41.88 (buying) and Rs 42.04 (selling), and one Malaysian Ringgit at Rs 37.66 (buying) and Rs 37.80 (selling). One hundred South Korean Won have a buying rate of Rs 11.26 and a selling rate of Rs 11.30. The Swedish Kroner’s buying rate is Rs 15.29 and its selling rate is Rs 15.35, while the Danish Kroner’s buying rate is Rs 23.18 and its selling rate is Rs 23.27.
The Hong Kong Dollar’s buying rate is Rs 19.60 and its selling rate is Rs 19.68. One Kuwaiti Dinar is Rs 499.46 (buying) and Rs 501.41 (selling). One Bahrain Dinar is Rs 407.97 (buying) and Rs 409.56 (selling), and one Omani Riyal is Rs 399.51 (buying) and Rs 401.07 (selling).
Role of Nepal Rastra Bank in Exchange Rates
Nepal Rastra Bank, established in 1956 (2013 BS), is responsible for managing monetary and foreign exchange policy to maintain price and balance of payments stability for the sustainable development of the economy. It also regulates, inspects, supervises, and monitors the banking and financial sector. The Foreign Exchange (Regulating) Act, 2019, governs foreign exchange management in Nepal.
Nepal maintains a fixed exchange rate system with the Indian currency, where 100 Indian Rupees are equivalent to 160 Nepali Rupees. This arrangement, in place since April 1960, aims to control significant fluctuations in the exchange rate. Exchange rates for other foreign currencies are determined based on their cross-rates with the Indian Rupee, which helps prevent illegal foreign currency transactions and arbitrage.
Monetary Policy and Future Outlook
The central bank’s monetary policy for the fiscal year 2082/83 (2025/26) targets inflation at approximately 5.0 percent and aims to maintain foreign exchange reserves sufficient to cover at least seven months of imports of goods and services. Nepal Rastra Bank has stated that it can revise these exchange rates at any time as needed.
Commercial banks may set different exchange rates, and the updated rates are available on the central bank’s website. However, the detailed method or formula used by NRB to determine daily exchange rates for currencies other than the Indian Rupee, and the specific criteria that trigger rate revisions, are not explicitly detailed. The typical range or factors influencing the differences in rates set by individual commercial banks are also not specified.
