Weekly Summary
Across the week, Nepal’s Cholendra Shumsher Rana detention and related procedural safeguards debates—after police acted without an arrest warrant—drove intense focus on judiciary and accountability, including senior judges’ concerns about Chief Justice Manoj Sharma leadership. Monsoon and flood impacts remained a central thread, including LPG supply to Kathmandu disruptions, Bhotekoshi–Trishuli disaster recovery governance via a new parliamentary committee, and Rs 74 billion electricity damage from August floods. The week also brought concrete legal and policy actions—from Vikal Paudel’s corruption conviction and Nepal’s request to Malaysia to remove 25 firms from its employment system to Nepali Congress’ 15th General Convention starting in Kathmandu with 7,500 delegates.
Forex remained relatively stable over the week: USD/NPR moved within 153.61-154.41 (0.18% net change), starting at NPR 153.61 on Sep 27 and ending at NPR 153.88 on Oct 04; other major pairs traded in narrow ranges (CAD 108.30-108.65, AUD 107.03-107.97, GBP 203.43-204.07, JPY 9.72-9.80). international gold closed near NPR 238,874 per tola; international silver closed near NPR 3,485.
