US dollar reaches all time high against Nepali currency

The value of the US dollar climbed to a record high against the Nepali rupee on December 16. 

According to the Nepal Rastra Bank (NRB), the buying rate of one US Dollar has been fixed at 144.88 and the selling rate at Rs 144.48 for today.   

According to the central bank, the buying rate of one Euro has been fixed at Rs 170.20 and the selling rate at Rs 170.90. The UK pound sterling is priced at a buying rate of Rs 193.95 and a selling rate of Rs 194.75.

The Swiss Franc is traded at Rs 182 for buying and Rs 182.75 for selling, the NRB stated.

Likewise, one Australian dollar is priced at a buying rate of Rs 96.29 and a selling rate of Rs 96.69, while 10 Japanese Yen is traded at 9.35 for buying and 9.39 for selling. 

Similarly, one Chinese Yuan is fixed at 20.56 for buying and 20.64 for selling.

Nepse surges by 6. 74 points on Monday

The Nepal Stock Exchange (NEPSE) gained 6. 74 points to close at 2, 601. 61 points on Monday. 

Similarly, the sensitive index surged by 2. 01 points to close at 447. 52 points.

A total of 7,757,625-unit shares of 329 companies were traded for Rs 3. 44 billion.

Meanwhile, Swastik Laghubitta Bittiya Sanstha Limited (SWASTIK) was the top gainer today, with its price surging by 10. 00 percent. 

Likewise, Him Star Urja Company Limited (HIMSTAR) was the top loser as its price fell by 6. 95 percent.

At the end of the day, total market capitalization stood at Rs 1. 47 trillion.

Honor’s hot winter deals

Honor has announced its Winter Deals campaign in Nepal, offering bundled gifts on selected smartphones from December 10 to January 10.

The month-long promotion features complimentary accessories with several of Honor’s popular models, aimed at customers looking to upgrade or purchase new devices during the winter season.

Under the campaign, buyers of the Honor X8c will receive a Scykei GT smart watch, while the Honor 400 Lite comes with a free Honor X7 Lite earbuds.

Customers purchasing the Honor X9c will be given the X7e Active earbuds. Similarly, the Honor 400 is bundled with Choice Headphones, and the Honor 400 Pro includes Choice Clip earbuds.

The offers are available across authorized Honor retail outlets and online platforms nationwide. 

Gold price increases by Rs 1, 900 per tola on Monday

The price of gold has increased by Rs 1, 900 per tola in the domestic market on Monday. 

According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 260, 700  per tola today. It was traded at Rs 258, 800 per tola on  Wednesday.

Similarly, the price of silver has increased by Rs 45 and is being traded at Rs 3, 870 per tola today.