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Yes you can rent bike in Kasol. Also one of the cheapest way is hiring a cab or car which would also cut down your travel time than the bus.
UpvoteCommentI use this website for finding out easy transport. Most of the time it works for me. https://www.rome2rio.com/ (don't forget to change the currency to INR in settings tab)
The most cheap one is by bus, which would cost you upto Rs.3000 i.e Volvo A/c or Non A/c