Today's INR to NPR Price Update

Summary

This report provides the real-time exchange rate between the Indian Rupee (INR) and the Nepalese Rupee (NPR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Indian Rupee (INR) is the official currency of India, while the Nepalese Rupee (NPR) is the legal tender of Nepal. The exchange rate between them reflects the relative economic strength of both nations and bilateral trade dynamics in South Asia.

Today’s Price

• 1 INR = 1.6 NPR
• 24h High: 1.6008 NPR
• 24h Low: 1.6007 NPR

Market Analysis

Recent INR/NPR price movement shows minimal volatility, with the pair trading in a tight range. Technical analysis indicates a Strong Sell outlook, with moving averages across MA5 to MA200 generating 0 Buy signals and 12 Sell signals.

• Technical sentiment: Strong bearish bias from multiple moving average indicators
• Risk note: One-year forecast suggests a potential decline of -0.25%, with projected rate at 1.59 NPR per INR
• Trading opportunities: Monitor for potential downside moves toward support levels, with traders advised to watch for sell-side opportunities given the current technical setup

Conclusion

Continue to monitor the INR/NPR pair closely, integrating technical signals with regional economic developments. The prevailing bearish technical outlook warrants caution for long positions, while risk management remains essential given the currency pair’s sensitivity to India-Nepal economic relations.