DEFINITION of 'Nepalese Rupee - NPR'

The currency of Nepal. The Nepalese rupee is broken into smaller units, called paisa, and is found in both coin and banknote form. It is managed by the central bank, the Nepal Rastra Bank.

BREAKING DOWN 'Nepalese Rupee - NPR'

The Nepalese rupee was created in 1932, and was initially pegged to the value of the Indian rupee. This peg was abandoned for a floating exchange rate based on a basket of currencies in 1983.

RELATED TERMS
  1. NPR (Nepalese Rupee)

    The currency abbreviation or currency symbol for the Nepalese ...
  2. INR

    The currency abbreviation or currency symbol for the Indian rupee ...
  3. INR (Indian Rupee)

    The currency abbreviation or currency symbol for the Indian rupee ...
  4. PKR (Pakistani Rupee)

    The currency abbreviation or currency symbol for the Pakistani ...
  5. LKR (Sri Lankan Rupee)

    The currency symbol for the Sri Lankan rupee (LKR), the currency ...
  6. SCR

    In currencies, this is the abbreviation for the Seychelles Rupee. ...
Related Articles
  1. Investing

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  2. Investing

    India’s Dollar Reserves Hit Record Levels

    According to a statement released by the Reserve Bank of India on Friday, India’s dollar reserves reached its record of $355.95 billion, capping a third consecutive week of growth and marking ...
  3. Insights

    Interesting Facts About Imports And Exports

    Imports and exports exert a profound influence on the consumer and the economy. Learn what affects these figures, and in turn how these figures affect the economy.
  4. Investing

    Three Currencies Benefiting From Low Oil Prices

    The Indian rupee is clearly the biggest beneficiary of the slide in oil prices, followed by the Indonesian rupiah and British pound.
  5. Investing

    5 Emerging Markets Currencies to Consider in 2016

    Take a look at five emerging market currencies that could show strength in 2016, despite expectations that most emerging economies will continue to struggle.
  6. Retirement

    The Cheapest Places to Retire in India

    Outside the major metroplexes of Mumbai and Delhi are many quieter locations ideal for retirees – and they offer less expensive living costs as well.
  7. Insights

    Chinese Yuan Devaluation Can Impact India

    Learn why China's unexpected devaluation in August 2015 of its national currency, the yuan renminbi, could impact India’s economy.
  8. Investing

    Indian Rupee Tumbles on Rajan’s Exit

    Markets disappointed with Indian RBI governor, Raghuram Rajan's decision to not seek a second term.
  9. Trading

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  10. Investing

    The Pros And Cons Of A Pegged Exchange Rate

    A pegged exchange rate occurs when one country fixes its currency’s value to the value of another country’s currency. But it has both pros and cons.
RELATED FAQS
  1. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  2. What risks does a Foreign Institutional Investor (FII) face?

    Read about the types of risks that a foreign institutional investor faces when trading in Indian stock exchanges and dealing ... Read Answer >>
  3. How is the provident fund funded?

    Find out how provident funds are funded, including the basics of how this retirement savings program works and examples of ... Read Answer >>
  4. When computing the PEG ratio for a stock, how is a company's earnings growth rate ...

    Remember that the price/earnings to growth ratio (PEG ratio) is simply a given stock's price/earnings ratio (P/E ratio) divided ... Read Answer >>
  5. How does a Foreign Institutional Investor (FII) manage currency risk when investing ...

    Find out how foreign institutional investors protect themselves against inflation and currency risks when investing in international ... Read Answer >>
  6. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center