Date: March 9, 2026
Key Developments Affecting the Nepalese Rupee (NPR):
1. Surge in Foreign Exchange Reserves
By mid-December 2025, Nepal's foreign exchange reserves reached NPR 3.2 trillion, exceeding half of the country's GDP. This increase is primarily due to high remittance inflows, while domestic investment remains low. (kathmandupost.com)
2. Lifting of Ban on High-Denomination Indian Currency Notes
In December 2025, Nepal lifted its decade-long ban on high-denomination Indian rupee notes (₹200 and ₹500). This change facilitates easier cross-border transactions between Nepal and India. (myind.net)
3. Political Instability and Protests
In September 2025, widespread protests led to the resignation of Prime Minister K.P. Sharma Oli. The interim government, led by Sushila Karki, is preparing for elections in 2026. (en.wikipedia.org)
4. Teachers' Protests Over Education Bill
In April 2025, public school teachers nationwide protested against the government's proposed School Education Bill, demanding job security and equal pay. (en.wikipedia.org)
These events have contributed to economic uncertainty, potentially impacting the stability of the Nepalese Rupee.
EUR Weekly Market Overview
Updated 28 Jul 2026 • 23:46 GMT
The euro remains under pressure as it holds near its recent lows against the US dollar. Market participants are cautious due to geopolitical tensions in the Middle East, alongside expectations of at least one more rate hike by the US Federal Reserve before the year ends. These developments have heightened inflation concerns, further complicating the euro's recovery. Despite recent economic indicators, the Eurozone faces challenges that could keep the euro subdued in the near term.
- Key watchpoints:
- Potential Federal Reserve rate hike and its impact on the EUR/USD.
- Geopolitical tensions in the Middle East affecting market sentiment.
- Eurozone economic indicators and ECB decisions and their influence on the euro's trajectory.