Weekly Summary
Across the week’s Dashain and Bijaya Dashami coverage, Nepal’s politics emphasized unity and resilience, from Rabi Lamichhane calling for unity on Dashain and Prime Minister Pushpa Kamal Dahal ‘Prachanda’ linking Bijaya Dashami to harmony to President Paudel receiving Dashai tika, while festival-season Nepal Police arresting five people at a casino reflected intensified public enforcement during celebrations. Court and governance developments also shaped the agenda, including the Supreme Court ruling that demonetized money is not legal tender and continued legitimacy disputes tied to NC President Thapa’s faction recognition, alongside Nepal–India coordination signals through Rabi Lamichhane’s India visit plan. On the recovery and economic front, flood-support momentum continued with the Loss and Damage Fund approving a $20 million grant for flood recovery, while governance restructuring advanced via NEA restructuring into three companies reaching final stage and foreign-policy attention included Nepal condemning an attack after a Nepali citizen was killed in a Saudi oilfield incident.
Forex remained relatively stable over the week: USD/NPR moved within 151.44-151.44 (0.00% net change), starting at NPR 151.44 on Oct 22 and ending at NPR 151.44 on Oct 29; other major pairs traded in narrow ranges (CAD 107.76-107.76, AUD 106.39-106.39, GBP 202.85-202.85, JPY 9.58-9.58). international gold closed near NPR 232,177 per tola; international silver closed near NPR 3,192.
