As the interim constitution was in the process of curtailing his rights, the king was so depressed that he reportedly asked palace secretary Pashupati Bhakta Maharjan to announce that he was ready to let go of all his powers. According to a highly placed source, the king invited Koirala to talk before the interim constitution was promulgated, but Koirala refused to meet him. However, when he heard that the king was about to make an announcement, Koirala hurriedly called the palace and advised the king to wait until the elections.
Royalists have reportedly given the king three options: abdicate from the throne and install his grandson Hridayendra instead, knock on the army's door again and prepare for a coup, or wait and see. The first option was rejected by Koirala and the second won't work because the king knows there is no international support for a coup. Which is why Gyanendra is compelled to choose the third option, waiting until the constituent assembly election.
Meanwhile royalists are hoping for the US to again pay attention to Nepal. They think the Americans will support the role of king in Nepal and that the monarchy will eventually be saved. They want Nepal to be like the Nordic countries which still have ceremonial monarchies. Royalists are seeing reasons for hope in the recent incidents in the tarai against the government, and the possibility that the elections may be delayed.