Weekly Summary
Across the week, the government emphasized anti-corruption pledges and moved toward reforms such as a digitization “citizen app”, while parliament processes continued amid National Assembly bills not passed record. Court and enforcement actions focused on alleged corruption and documentation fraud, including Madhesh MP Kushwaha’s corruption conviction, Birgunj Mayor Rajesh Man Singh’s forged documents arrest, and JSP MP Saroj Singh’s corruption sentencing. Internationally, Nepal advanced border and technology cooperation via the Nepal-India digital payments agreement, even as security and accountability intensified around the 774 electric vehicles seized for customs evasion.
Forex remained relatively stable over the week: USD/NPR moved within 152.22-153.56 (0.06% net change), starting at NPR 152.31 on May 31 and ending at NPR 152.22 on Jun 07; other major pairs traded in narrow ranges (CAD 109.68-110.76, AUD 108.72-110.01, GBP 205.02-206.65, JPY 9.52-9.61). Local fine gold showed a downtrend of NPR -10,300 per tola, ending at NPR 300,800; international gold closed near NPR 247,087 per tola; local silver remained downtrend around NPR 4,895; international silver closed near NPR 3,880.
