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Indian Rupee to Nepalese Rupee
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About Indian Rupee
The Indian Rupee is the official currency of the Republic of India. The rupee is subdivided into 100 paise. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank derives this role from powers vested to it by the Reserve Bank of India Act, 1934. WikipediaAbout Nepalese Rupee
The Nepalese rupee is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1.
The Nepalese rupee has been pegged to the Indian rupee at the rate रु.1.60 = ₹1 since 1994; prior to this, it had been pegged at the rate रु.1.45 = ₹1. Wikipedia