KATHMANDU: The US dollar has been rising steadily in recent months. In just six months, its value has increased by nearly Rs 10. This trend is now affecting Nepal’s overall economy, including the automobile sector. Nepal is a heavily import-dependent…

KATHMANDU: The US dollar has reached a new high against the Nepali rupee. Nepal Rastra Bank set the dollar’s buying rate at Rs 145.35 and the selling rate at Rs 145.95 on Wednesday. This is the highest level recorded so…

KATHMANDU: Nepal has recorded a sharp rise in imports of petrol-powered (ICE) cars in the ongoing fiscal year 2025/26. According to four-month data (mid-July to mid-November) published by the Department of Customs, imports of petrol cars, jeeps and vans have…

KATHMANDU: Nepal Rastra Bank (NRB) has revised its regulations regarding motor vehicle imports. Issuing a directive to licensed banks and financial institutions on Thursday, the central bank prohibited the import of vehicles that do not meet the new emission standards…