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In 1952, the government of Nepal officially pegged the Nepalese rupee at रु1.28 = ₹1, although the market rate remained at रु1.60 = ₹1. [2] Between 1955 and 1957, there was a series of soft peg revaluations that started at रु1.755 = ₹1 and appreciated to रु1.305 = ₹1 by 1957.
The Nepal Stock Exchange (NEPSE) is the only stock exchange of Nepal. As of August 2024, [update] the Market Capitalization of the companies listed on NEPSE totaled रू 476,590.9 crore (US$34 billion).
The market was established in 15 Aswin 2043 BS by the Food and Agricultural Market Service Department. Later due to increase in demand, the infrastructure of the market was upgraded by Nepal government and UNCDF. In 2051 BS, a bill was passed to run the market. In 2058 BS, the bill was amended to regulate the market under federal government. [5]
The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications , electric power, industry, or civil service.
In finance, market data is price and other related data for a financial instrument reported by a trading venue such as a stock exchange. Market data allows traders and investors to know the latest price and see historical trends for instruments such as equities , fixed-income products, derivatives , and currencies .
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The market was established in 1987 as a wholesale center at Kalimati by the Nepal government using United Nation Capital Development Fund with a budget of NPR 4.6 million. The sellers have to sell minimum of five kilograms in the market. There is also a retailing market where small traders can sell their products. [11]
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