Nepal Today

Friday, October 24, 2008

Dollar crossed Rs 80 mark

Kathmandu, 24 Oct: The US touched a record high of Rs 80 against Nepali rupee Friday with the Nepali legal tender losing 70 paise in one day. .
The dollar was selling at Rs 63.85 to the greenback I January 2008.
Nepali rupee is pegged to the Indian rupee which is slipping against the dollar in the international with heavy capital outflow.
The dollar’s gain in Nepal will have an inflationary impact with rise in the price of imports.
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Nepal sambad gets national status

Kathmandu, 24 Oct: Nepal sambad
was recognized as a national calendar Friday by the cabinet.
The Newar community has been pushing a long campaign for national recognition.
The recognition comes as the nation prepares to celebrate tihar.
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