Day: September 8, 2024
NEPSE Index Sees Continued Decline, Drops 25.46 Points
The Nepal Stock Exchange (NEPSE) Index continued its downward trajectory, slipping by 25.46 points, or 0.93%, to close at 2,701.90 points. This follows a 12.10-point decline in the previous trading session. The trading day opened with the index at 2,732.83 points, briefly reaching an intraday high of 2,760.45 points before falling to a low of […]
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Gold Prices Drop by Rs. 1,200 Per Tola in Nepal
The gold market in Nepal has seen a significant decline, with fine gold prices dropping by Rs. 1,200 per tola. According to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now being sold at Rs. 152,100 per tola, a decrease from its previous rate of Rs. […]
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Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
Commercial banks in Nepal have lowered their average base interest rate to 7.92% for the period between mid-August and mid-September. This marks a decrease of 0.25 percentage points from the previous months, driven by an excess of loanable funds. The reduction indicates that lending rates may also fall in the near future. According to data […]
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