India, Sept. 13 -- The Indian government on Friday welcomed the formation of an interim government in Nepal and hoped that it would help foster peace and stability in the country.

"As a close neighbour, a fellow democracy and a long term development partner, India will continue to work closely with Nepal for the well-being and prosperity of our two peoples and countries," read the statement issued by the Ministry of External Affairs.

The ceremony took place at the Rashtrapati Bhawan in Kathmandu, capping days of political speculation and intense negotiations.

The oath was administered by President Ram Chandra Paudel in the presence of Vice President Ram Sahay Yadav and Chief Justice Prakash Man Singh Rawat.

Following the ceremony, it ...