You guys gotta chill. I can't believe that you think it is India's fault in this matter. First, this is what happens when you have a fixed exchange rate instead of floating, especially when one country is having a greater economic boom compared to the other. India has been enjoying nearly double digit economic growth for the past decade while Nepal's economy was slumping, mainly because of the SOBs that are running the government. You can try to cheat the free market for a time, but what does capitalism tell us? At some point it will all come to equilibrium. When IC was getting stronger against the dollar, NC was riding the wave, but it was only because IC was fixed against NC.
India had already realized that NC was highly overvalued against IC. The clock was already ticking. If they decide to reevaluate the exchange rate, we are all screwed. But it's really our own fault. With all the goods coming from India, expect to see enormous inflation as well!