Jasbir Singh and Arbind Singh were arrested from Kamalpokhari area with an automatic pistol, a senior police official at Kathmandu Metropolitan Police Circle said.
Local media, however, reported on their online portal that three Indian nationals have been arrested.
The police said that they were yet to ascertain the reason of them opening fire but suspect they might have done so following some dispute.
They entered Kathmandu from SunauliBhairahawa border point in Uttar Pradesh yesterday, the police said, adding that it is not known if they had brought the gun with them.
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