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General TradingN
Nepalese Rupee (NPR)
The Nepalese Rupee is the official currency of Nepal, abbreviated as NPR in forex markets. It is pegged to the Indian Rupee at a fixed rate, meaning its value is closely tied to India's monetary policy.
Example
“A remittance trader monitoring the USD/NPR exchange rate noted the Nepalese Rupee depreciating in line with the Indian Rupee after the RBI cut interest rates.”