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Nepal considers currency devaluation in medium term

Nepal considers currency devaluation in medium term

Nepal is considering devaluing its currency because a decades-old peg with the Indian rupee is posing problems for its monetary policy and competitiveness, the central bank governor was quoted as saying. Yuva Raj Khatiwada, the newly appointed governor, told the Financial Times in a report published on Monday that Nepal needed to reconsider the…
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