Economy News - Page 24
Gold Rates Crash Upward! Massive Rs 1,800 Per Tola Surge Today
Today, gold jumped by Rs 1,800 to Rs 293,800, while silver rose Rs 90 to hit Rs 5,050.
Nepal Rastra Bank Unveils Foreign Currency Exchange Rates for Wednesday
The central bank of Nepal, Nepal Rastra Bank (NRB), has released its official foreign exchange updates for today, fixing the US Dollar selling rate at Rs 154.76 and the European Euro at Rs 179.82.
Ministry of Industry Proposes Budget Programs Exceeding Assigned Limit by Rs 1.81 Billion
For the upcoming fiscal year 2083/84, the Ministry of Industry, Commerce, and Supplies has submitted a program proposal worth Rs 10.13 billion, overshooting its designated financial ceiling of Rs 8.31 billion.
Domestic Bullion Rates Witness Pronounced Mid-Week Decline
Gold prices plunge by Rs 3,300 per tola to Rs 292,000, while silver slides to Rs 4,960 in Nepal.
NCMIA’s 7-Point Proposal to SEBON for the FY 2083/84 Budget
The Nepal Capital Market Investors Association has submitted a strategic policy framework to SEBON for the upcoming fiscal budget, prioritizing the classification of CGT as a final tax and pushing for cross-border NRN market integration.
Experts Enlisted to Guide Upcoming FY 2083/84 Budget Formulation
The parliamentary Finance Committee will consult a newly approved panel of eight experts to address systemic gaps and refine the government’s upcoming budget.
NRB Latest Exchange Rates: US Dollar Selling Rate Set at Rs 154.46 Today
Nepal Rastra Bank has unveiled today's exchange rates, fixing the US Dollar's selling rate at Rs 154.46.
Gold and Silver Prices Surge; Gold Trades at Rs 295,300 per Tola on Tuesday
On Tuesday, Nepali markets saw gold and silver prices rise to Rs 295,300 and Rs 5,085 per tola, respectively.
Forex Update: USD Stands Firm as Euro and Pound Take a Hit
According to the latest foreign exchange rates released by Nepal Rastra Bank (NRB) for Monday, the US Dollar has held its ground at a stable price, while both the European Euro and the UK Pound Sterling experienced a minor dip. Today, the buying and selling rates for 1 US Dollar remain unchanged at Rs. 153.25 and Rs. 153.85 respectively, carrying over Sunday's valuation. Conversely, the Euro and the Pound dropped by a few paisा compared to yesterday's closing prices.
Inflation's Next Wave: World Bank Warns of a Massive 2026 Price Shock
The World Bank's April 2026 Commodity Markets Outlook warns of a severe economic shock as ongoing conflict in the Middle East and maritime trade disruptions threaten to drive the global commodity price index up by 16%. The report projects a massive 24% surge in global energy costs—with Brent crude potentially hitting $115 per barrel—alongside a 31% spike in fertilizer prices. This compounding crisis is expected to spark acute global food insecurity and push inflation in developing countries to a four-year high.
Gold Hits Rs 294,800; Silver Falls to Rs 5,040
Gold prices surged by Rs 800 to reach a near-record Rs 294,800 per tola, while silver bucked the upward trend, dipping by Rs 20 to settle at Rs 5,040 per tola in the local Nepali market.
Forex Update: Central Bank Reveals Latest Exchange Rates with US Dollar Trading at Rs. 153.85
Nepal Rastra Bank (NRB) has published the official foreign exchange rates for May 17, 2026. Under the new guidelines, the US Dollar is locked at a buying price of Rs. 153.25 and a selling price of Rs. 153.85, while the British Pound scales past the Rs. 205 threshold.