July 12: The Nepalese currency fell to an all-time low against the US dollar in its entire history. The Indian currency on Monday depreciated to an all-time low against the US dollar resulting in a fall in the Nepalese currency which is pegged with the Indian currency.

Nepal Rastra Bank has fixed the exchange rate of US dollar at Rs 127.41 on Tuesday. This is the first time that the Nepalis have to pay so much amount for a single dollar. Prior to this, the value of US dollar had rose to a record high of Rs 127.30 last Wednesday.

The US dollar then fell a bit after that but then again increased to an all-time high on Tuesday.