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The Nepal Stock Exchange (NEPSE) plunged by 1. 38 points to close at 1,844.14 points on Thursday. Similarly, the sensitive index gained 0. 09 points to close at 363. 05 points. A total of 1,546,857 unit shares of 221 companies were traded for Rs 50 billion. Meanwhile, Sayapatri Hydropower Limited was the top gainer today with its price surging by 9. 97 percent. Likewise, Century Debenture 2088 was the top loser with its price dropped by 7. 73 percent. At the end of the day, the total market capitalization stood at Rs 2. 65 trillion.

The US Dollar is continuously appreciating against the Nepali rupee of late. As per the foreign currency exchange rate determined by Nepal Rastra Bank for today, the buying rate of one US Dollar is Rs 132.54 while the selling rate is Rs 133.14. The buying rate of a unit of greenback was Rs 131.48 and the selling rate Rs 132.8 on Wednesday. Similarly, the Central Bank has fixed the buying rate of one Euro at Rs 129.65 and the selling rate at Rs 130.24 for today. The Nepali rupee has depreciated with the increase in the value of the US Dollar in the international market. The Nepali rupee is pegged with the Indian rupee at a fixed exchange rate and the Nepali currency is impacted as the Indian currency's value decreases when the US Dollar appreciates. Although the increase in the value of the US Dollar will have a positive impact on the income from remittances, tourism revenue and export trade, it will leave a negative impact on the overall economy, according to the economists. According to them, since the import is greater than the export, the appreciating US Dollars means the trade deficit would go up further. This will also have a negative impact on the balance of payment and foreign currency reserve. Likewise, the price of imported goods, fuel and other commodities as well as the principal and interest amount would rise with the increase in the value of the US Dollar.

The price of gold has dropped by Rs 100 per tola in the domestic market on Thursday. According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow bullion is being traded at Rs 93, 100 per tola today. It was traded at Rs 93, 200 per tola on Tuesday. Meanwhile, tejabi gold is being traded at Rs 92, 600 per tola today. Similarly, the price of silver is being traded at Rs 1, 170 per tola.

The Nepal Stock Exchange (NEPSE) index plunged by 12. 81 points to close at 1,845.51 points on Wednesday. Similarly, the sensitive index fell 2. 66 points to reach 488. 83 points. A total of 2,151,714 unit shares of 216 companies were traded for Rs 64 billion. Likewise, all sub-indices saw red in today’s market except for Hotel and Tourism and Mutual Fund. Meanwhile, Aviyan Laghubitta Bittiya Sanstha Limited was the top gainer today with its price surging by 10 percent. Likewise, People’s Power Limited was the top loser with its price dropped by 7. 47 percent. At the end of the day, total market civilization stands at Rs 2. 65 trillion.