Economics Nepal
Daily Digest
Nepal's economy in five minutes a day: policy, markets, trade and the numbers that moved.
At a glance
- The Supreme Court quashed the central bank's directive only as far as it made the national identity card or its number the sole basis for identifying a bank customer.
- Until a person has the card, banking services are to be provided on a citizenship certificate or other identity documents.
- The Prithvi Highway at Galaundi came back into use on Saturday night, and the Department of Roads aims for two-way traffic by 6 pm on Sunday.
- The German firm running the e-passport system has set a third payment deadline, Monday, and may suspend services, The Kathmandu Post reported.
- NEPSE did not trade on Saturday and no gold price was fixed.
Market snapshot
NEPSE
2,591.80
+17.15 (+0.67%)
Fri 9 Oct close, no session Sat
NEPSE turnover
Rs 4.84 billion
from Rs 3.93 billion
Fri 9 Oct
USD/NPR
154.48
-0.08
NRB buying rate for Sat 10 Oct
Gold / tola
Rs 295,700
+Rs 2,900
Fri 9 Oct, no fixing Sat
Silver / tola
Rs 4,405
+Rs 15
Fri 9 Oct, no fixing Sat
Interbank rate
2.75%
unchanged
NRB figure dated 4 Oct