India cannot make Nepalese currency independent coz' we are having open border. In my opinion, Nepal Ratra Bank should revalue the exchange rate between INR and NPR. The pegged rate of 1.6 has to be increased to 1.8 to offset the increase in INR rate in compare to USD. If same 1.6 is maintained, it will have more negative impact in the BOP calculation at the year end.