Indian Rupee's Surprising Value in Nepal: Get 160 NPR for 100 INR!

• Indian Rupee (INR) holds significantly higher value in Nepal; 100 INR equals approximately 160-161 Nepali Rupees (NPR).
• The exchange rate is officially fixed by Nepal Rastra Bank at 1 INR = 1.60 NPR, making 500 INR worth around 800 NPR.
• Indian currency is widely accepted in Nepal, especially in border areas, major cities, and tourist centers.
• Crucially, INR 2000 and INR 500 notes are NOT accepted; carry INR 100 and INR 200 denominations for transactions.
• The fixed exchange rate, established in 1993, facilitates trade, tourism, and economic stability between India and Nepal.