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DAHAL, Suresh Kumar,RAJU, G. Raghavender Korea Distribution Science Association 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.7
The exchange rate is an important macroeconomic variable that influences internal and external balances. Nepal follows a dual exchange rate such that the Nepali rupee (NPR) is pegged with the Indian rupee (INR) but floats with the United States dollar (USD) and all other currencies. There have been very few studies on the exchange rate of Nepal, of which the majority focus on the bivariate relationship between exchange rate and another variable. However, this paper analyses the multivariate relationship between the USD-NPR exchange rate and major macroeconomic variables. Determinants of Nepal's exchange rate have been derived with multiple regression using the ordinary least square (OLS) approach. Since the explanatory variables could not significantly capture the movement of the dependent variable, a long-run relationship between Nepal and India's exchange rate has been analyzed using Engle-Granger cointegration to establish a relationship as suggested by a graphical representation. This explains that Nepal's exchange rate long run is determined by India's exchange rate than its own fundamentals. In addition, the macro-linkages of Nepal's macroeconomic variables have been analyzed using Standard Vector Autoregressive models followed by impulse response analysis which is useful for policy decisions. Some policy implications indicating the sustainability of Nepal's pegged regime have been drawn based on the empirical analysis.
Rhabdobacter roseus gen. nov., sp. nov., isolated from soil
Dahal, Ram Hari,Kim, Jaisoo Microbiology Society 2016 International journal of systematic and evolutiona Vol.66 No.-
<P>An aerobic, Gram-stain-negative, oxidase- and catalase-positive, non-motile, non-spore-forming, rod-shaped, pink-pigmented bacterium, designated strain R49(T), was isolated from soil. Flexirubin-type pigments were absent. Phylogenetic analysis based on its 16S rRNA gene sequence revealed that strain R49(T) formed a lineage within the family Cytophagaceae of the phylum Bacteroidetes that was distinct from the most closely related genera Dyadobacter (91.98-93.85 % sequence similarity), Persicitalea (88.69 %) and Runella (84.79-85.81 %). The major isoprenoid quinone was menaquinone-7 (MK-7) and the major polar lipid was phosphatidylethanolamine. The major cellular fatty acids were summed feature 3 (C-16 : 1 omega 7c and/or C-16 : 1 omega 7c), iSO-C-15 : 0, C-16 : 1 omega 5c, C-16 : 0 and iso-C-17 : 0 3-OH. The DNA G + C content of strain R49(T) was 53.9 mol%. On the basis of phenotypic, genotypic and phylogenetic analysis, strain R49(T) represents a novel species of a new genus in the family Cytophagaceae, for which the name Rhabdobacter roseus gen. nov., sp. nov. is proposed. The type strain of Rhabdobacter roseus is R49(T) (=KEMB 9005-318(T)=KACC 18395(T)=JCM 30685(T)).</P>