Nepal Rastra Bank, the central bank, has fixed the foreign exchange rates for Wednesday, October 7, 2026, with the US dollar set at Rs 153.98 for buying and Rs 154.58 for selling.
According to the central bank, the buying rate for one European Euro is Rs 173.17 and the selling rate is Rs 173.84. For one UK Pound Sterling, the buying rate is Rs 203.95 and the selling rate is Rs 204.75. One Swiss Franc is set at Rs 185.24 for buying and Rs 185.96 for selling.
Other major currency rates include the Australian dollar at Rs 107.32 (buying) and Rs 107.74 (selling), the Canadian dollar at Rs 107.91 (buying) and Rs 108.33 (selling), and the Singapore dollar at Rs 120.44 (buying) and Rs 120.91 (selling). Ten Japanese Yen are set at Rs 9.73 (buying) and Rs 9.77 (selling), while one Chinese Yuan is Rs 22.97 (buying) and Rs 23.06 (selling).
For Gulf currencies, one Saudi Arabian Riyal is Rs 41.02 (buying) and Rs 41.18 (selling), one Qatari Riyal is Rs 42.24 (buying) and Rs 42.41 (selling), and one UAE Dirham is Rs 41.93 (buying) and Rs 42.09 (selling). One Malaysian Ringgit is set at Rs 37.69 (buying) and Rs 37.84 (selling). The buying rate for 100 South Korean Won is Rs 11.50 and the selling rate is Rs 11.55.
The central bank also fixed the rates for one Thai Baht at Rs 4.58 (buying) and Rs 4.60 (selling), one Swedish Kroner at Rs 15.39 (buying) and Rs 15.45 (selling), and one Danish Kroner at Rs 23.17 (buying) and Rs 23.26 (selling). For one Hong Kong Dollar, the rates are Rs 19.62 (buying) and Rs 19.70 (selling).
Among other currencies, one Kuwaiti Dinar is set at Rs 499.69 (buying) and Rs 501.64 (selling), one Bahrain Dinar at Rs 408.41 (buying) and Rs 410.00 (selling), and one Omani Riyal at Rs 399.95 (buying) and Rs 401.51 (selling).
The exchange rate for 100 Indian Rupees remains fixed at Rs 160.00 for buying and Rs 160.15 for selling. The Nepali Rupee is pegged to the Indian Rupee at a fixed rate of 1.60.
Role of Nepal Rastra Bank in foreign exchange
Nepal Rastra Bank, established under the Nepal Rastra Bank Act, 2058 (with second amendment, 2073), is mandated to collect and analyze data on macroeconomic indicators, financial market development, and price stability. Its responsibilities also include monitoring money supply, deposits, loans, government finance, foreign trade, balance of payments, and foreign exchange. The Foreign Exchange (Regulating) Act, 2019, and its associated rules grant the central bank authority to formulate foreign exchange policy, regulate transactions, determine the exchange system, and manage foreign exchange reserves.
Recently, on October 5/6, 2026, Nepal Rastra Bank amended its foreign exchange rules, increasing limits for foreign currency payments and exchange services for businesses and individuals. This revision includes raising the annual foreign exchange facility for Nepali citizens seeking medical treatment abroad from USD 15,000-16,000 to USD 30,000. The advance payment limit for importing aircraft engines or spare parts has been increased from USD 100,000 to USD 500,000. Additionally, the payment limit for transactions with India has been raised from Rs 4 million to Rs 6 million.
Future adjustments and commercial bank rates
Nepal Rastra Bank has stated that these exchange rates can be revised at any time as needed. The central bank also noted that the exchange rates set by commercial banks may differ from its official rates. Updated exchange rates are available on the central bank’s official website.
The Nepal Rastra Bank’s “Economic Activities Study of Madhesh Province” report from Ashar 2082 (BS) indicates that its Janakpur and Birgunj offices collect and analyze data related to major economic sectors across all eight districts of Madhesh Province. These sectors include agriculture, industry, services, infrastructure development, foreign trade, and balance of payments. However, no specific information regarding the particular impact of today’s exchange rates on Madhesh Province was found.
