Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Nov 13, 2000
Comments:
In the domestic market, the Rupee remained firm against the greenback
and showed significant gains at the end of the week. The trading in
the Dollar remained at normal pace and most of the time, steadier
trend prevailed in the kerb. The demand of the currency seemed to be
normal as most of the investors remained sidelines making the supply
of the Dollar adequate enough to meet the required demand in the
market. Most of the experts are of the view that the coming days may
show a further strength of the Rupee against the Dollar as some
positive signs of increased domestic product and exports are emerging
which will obviously help the Rupee to further gain it's lost grounds
against the greenback.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
61.175
|
61.275
|
-.163
|
54.225
|
12.816
|
Comments: In
the domestic market the Rupee lost Rs. 1.50 against the Pound at the
end of the week. Mostly the investors took a vigilant move against the
Pound keeping in view of it's dilapidated value in the home market. In
the international market the Pound showed fusion trends against all
the currencies this week. It gained some highs against the Dollar and
Euro but also lost against them at the later stages.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 87.6 |
88.9 |
-1.462 |
87.875 |
-.312 |
Comments:
In
the domestic market, the Rupee lost 0.10 Paisa against the Mark at
the close of the markets. The activity in the currency remained
normal and no significant changes were recorded. In the
international market, the Mark got adequate support from the
intervention by the European banks to help the limping Euro. But
however, the Mark remained on normal trading levels and is expecting
to gain some further grounds if the Euro rises further.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 27.075 |
27.15 |
-.276 |
28.85 |
-6.152 |
Comments:
In
the international market, the Yen moved in narrow ranges against the
Euro, Pound and Dollar. The Dollar remained firm and the Pound
showed a continuous rise and fall against the Yen throughout the
week. Moreover the Japanese investors are showing their immense
concerns over the US Presidential elections as according to them the
upcoming policies of the future president is certainly going to have
a significant bearing on the business in the coming days.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .566 |
.57 |
-.701 |
.514 |
10.116 |
