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Traders slash import volume as strong dollar bites

Traders slash import volume as strong dollar bites

The depreciation of the Nepali rupee against the US dollar has forced importers to cut down imports. With the dollar gaining sharply against the Indian currency (IC) of late, the Nepali rupee is on a freefall as it is pegged with IC. In the last three months, the exchange rate for the domestic currency has increased to Rs 84 against the dollar…
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