The price of US Dollar has increased with Rs. 0.78 today. Nepal Rastra Bank declared the price of one dollar Rs.113.25. It is expected to increase more due to the increasing demand of dollar.
Increasing price of dollar has more negative effects on Nepal than the positive impacts. Remittance income increases and export business gets relief due to the price increase of dollar. But, goods and services become expensive in Nepal, as it imports more than it imports. Nepalese, who are staying abroad for study, treatment, visit or any other spending purpose will get into trouble.
