Is the INR to NPR exchange rate fixed at 1.60?

Yes, the Nepalese Rupee is officially pegged to the Indian Rupee at exactly 1 INR = 1.60 NPR by Nepal Rastra Bank and the Reserve Bank of India. This fixed rate has remained stable since 1991 and eliminates currency fluctuations between these two nations.

Why is 1 INR equal to 1.60 NPR?

This peg dates back to a bilateral agreement between Nepal and India in the early 1990s to stabilize trade and remittances between the two countries. The 1:1.60 ratio was established as the official conversion rate and has been maintained consistently for over 30 years to facilitate smooth cross-border transactions.

How do I convert NPR to INR manually?

To convert Nepalese Rupees to Indian Rupees, divide the NPR amount by 1.60. Example: 160 NPR ÷ 1.60 = 100 INR. Alternatively, multiply INR by 1.60 to get NPR (e.g., 100 INR × 1.60 = 160 NPR).

Can the INR to NPR peg change in the future?

The peg has remained stable for over 30 years. Any change would require a joint decision by Nepal Rastra Bank and the Reserve Bank of India. No immediate changes are expected, making INR to NPR one of the world's most stable currency pairs.

Are there any restrictions on using Indian currency (INR) in Nepal?

Indian currency notes of ₹500 and ₹2000 are not accepted in Nepal. However, lower denominations (₹1, ₹2, ₹5, ₹10, ₹20, ₹50, and ₹100) are widely accepted throughout Nepal as per official policy.

INR to NPR Converter: 1 INR = 1.60 NPR (Official Peg)

Q: Is this converter accurate for large amounts (10,000+ INR)?

Absolutely. The multiplication factor of 1.60 works for any amount, from 1 rupee to millions. Our converter uses the official fixed rate and is accurate for all conversion amounts.

🇮🇳 Indian Rupee (INR)

1.60 NPR

🇳🇵 Nepalese Rupee (NPR)

1.00 INR

🇮🇳 1 INR = 1.60 NPR 🇳🇵

Officially pegged by Nepal Rastra Bank and Reserve Bank of India
Fixed since 1991 | Last verified:

✅ Last updated:

📊 Quick Conversion Table (INR → NPR)

Use this quick reference table to see common INR amounts and their NPR equivalents:

Indian Rupee (INR)	Nepalese Rupee (NPR)

Table includes common amounts from ₹1 to ₹50,000 INR.

🇮🇳 vs 🇳🇵 - Currency Comparison

Feature	Indian Rupee (INR)	Nepalese Rupee (NPR)
Official Name	Indian Rupee	Nepalese Rupee
Currency Symbol	₹	Rs / ₨
Issued By	Reserve Bank of India (RBI)	Nepal Rastra Bank
Exchange Rate	1 INR	1.60 NPR (Fixed)
Accepted In	India (primary), Nepal (limited)	Nepal (primary)

📚 About INR to NPR Exchange Rate

The Indian Rupee (INR) and Nepalese Rupee (NPR) share a unique fixed exchange rate of 1 INR = 1.60 NPR by official agreement between the Reserve Bank of India and Nepal Rastra Bank. This official peg eliminates currency volatility and simplifies cross-border payments, travel, and trade between India and Nepal.

💡 Did You Know? The INR to NPR is one of only a few currency pairs globally that maintains a perfectly fixed exchange rate, making it exceptionally stable and predictable.

⏳ Historical Context & The 1991 Peg Agreement

The official peg between INR and NPR has remained at exactly 1.60 since the early 1990s, when Nepal and India signed a bilateral agreement. This peg was established to:

Stabilize trade: Eliminate exchange rate risk for traders on both sides of the border.
Facilitate remittances: Enable smooth money transfers between Indian workers in Nepal and families in India.
Support tourism: Make cross-border travel predictable and hassle-free.
Promote economic cooperation: Strengthen the economic ties between the two nations.

Over 30+ years, this peg has proven to be one of the world's most stable currency arrangements, making INR to NPR conversions highly reliable for any amount.

💰 Why Use This Converter?

Official Rate Accuracy: Our converter uses the exact official fixed rate of 1:1.60, verified directly from Nepal Rastra Bank guidelines.

Bidirectional: Convert from INR to NPR or NPR to INR with a single click.

No Hidden Fees: The rate shown is the true official exchange rate with no markups or hidden charges.

Works for Any Amount: From single rupees to millions, the 1.60 factor applies consistently.

❓ Frequently Asked Questions (FAQ)

🔹 Is the INR to NPR exchange rate really fixed at 1.60?

Yes, absolutely. The exchange rate is officially pegged at 1 INR = 1.60 NPR by Nepal Rastra Bank. This is not a market-determined rate but a fixed rate maintained through bilateral agreement.

🔹 How can I manually convert NPR to INR?

Divide the NPR amount by 1.60 to get INR. Example: 500 NPR ÷ 1.60 = 312.50 INR. Conversely, multiply INR by 1.60 to get NPR.

🔹 Can I use Indian Rupees (INR) everywhere in Nepal?

Indian currency is widely accepted in Nepal, but there are restrictions: Indian notes of ₹500 and ₹2000 are not accepted. Lower denominations (₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100) are widely accepted at shops, hotels, and markets.

🔹 Will the INR to NPR peg change in the near future?

The peg has been stable for over 30 years with no signs of change. Any modification would require official decisions from both Nepal Rastra Bank and the Reserve Bank of India, which is highly unlikely given the stability it provides.

🔹 Is this converter accurate for large amounts (₹10,000 or more)?

Yes. The official fixed factor of 1.60 applies uniformly to all amounts. Whether you're converting ₹1 or ₹1,000,000, the ratio remains exactly 1:1.60 NPR.

🔹 What is the historical context of this currency peg?

The 1:1.60 peg was established in the early 1990s through a bilateral agreement between Nepal and India. It was designed to stabilize bilateral trade, facilitate worker remittances, and support economic cooperation. The rate has remained unchanged for over three decades.

🔄 Other Related Currency Converters

Explore more currency conversion tools:

USD → NPR Converter NPR → INR (Reverse) AED → NPR Converter GBP → NPR Converter EUR → NPR Converter

🇮🇳 INR to NPR Converter — Official Peg: 1 INR = 1.60 NPR