By Admin 
The value of Indian currency is high in India’s neighboring country and the world’s only Hindu country, Nepal. According to the report of Vice.com, the value of 1 Indian rupee in Nepal is 1.59 rupees, whereas the value of 1 Nepali currency in India is only 62 paise. This clearly shows that the Indian Rupee is more powerful than the Nepalese currency. According to the official rate fixed by Nepal Rastra Bank, if you have 100 Indian Rupees then its value in Nepal becomes approximately 160 Nepali Rupees.
The Nepalese rupee is issued by Nepal Rastra Bank, which is the central bank of Nepal. It is responsible for designing, printing and issuing bank notes. In Nepal, when a person changes Indian Rupee into Nepali Rupee from a bank, money exchange counter or small exchange center in the border area, there is some deduction in it. This deduction is in the form of exchange charge and commission. For this reason, when exchanging 100 Indian Rupees, one usually gets only 156 to 159 Nepali Rupees. Sometimes this amount may go up or down a little depending on the location and demand. In this way, if an Indian goes to Nepal with Rs 1 lakh, its value there will be Rs 1 lakh 59 thousand 461. However, after the exchange he will get slightly less than the fixed price.
Difference in exchange rates of Indian currency
If we talk about bigger amounts then this difference is more clearly visible. For example, the official price of 200 Indian Rupees in Nepal is 320 Nepali Rupees, but on exchange this amount comes down to around 312 to 318 Rupees. Similarly, instead of 500 Indian rupees, one should get 800 Nepali rupees, whereas in reality this amount reaches only around 780 to 795 Nepali rupees.
Relief from Nepal government’s decision
According to the cabinet decision of Nepal Government, now any person can keep Indian notes of Rs 200 and Rs 500 up to Rs 25,000. This rule will apply equally to both Indian and Nepali citizens. After this decision, people traveling from India to Nepal have got a big relief. Earlier, there were strict restrictions regarding Rs 500 and Rs 200 notes in Nepal, due to which passengers faced a lot of trouble.
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