Nepali rupee sinks to historic low against US dollar

Experts warn of rising inflation in Nepal, where most imports and services are priced in dollars.

The Nepali rupee has hit an all-time low, with Nepal’s central bank fixing the exchange rate at Rs140.43 per US dollar on Friday. The rupee depreciated by 0.18 paisa against the dollar in a single day, primarily due to the weakening of the Indian rupee, to which it is pegged.