Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Mar 05,
2001
Comments:
In the local market, the Rupee made a little recovery against the
Green in the trading sessions this week. The Rupee that had to
encounter a very tough competition against the Dollar in the last
weeks trading, managed to hold itself firm against the currency since
the start of the current week. The Dollar although showed gains over
the Rupee as well, but the market moved in such a direction that it
also gave chanced to the Rupee for getting firm footing and to recover
whenever possible. The trading pressure in the market showed a normal
trend.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
62.9
|
62.95
|
-.079
|
54.225
|
15.988
|
Comments: In
the domestic market, the Rupee showed a mix trend against the Pound
this week. The Rupee lost against the Sterling on the first three days
of trading as the market overall remained tough for the currency to
trade in. The Pound started the week by showing a rise in its value in
the market against the Rupee. But in the later stages of the week, the
Rupee demonstrated heavy gains against the Sterling in the trading
sessions thus pulling the brakes at the rushing gains of the currency
since the last few days. The Rupee ended the week by showing a gain of
0.05 Paisa against the Rupee.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 92.3 |
91.6 |
.764 |
86.3 |
6.952 |
Comments: In
the local market, the German Mark showed a mix trend against the
Rupee, as the currency remained firm in the international market and
thus traded under the supportive move in the kerb too. The trading
moves were not very disappointing for both the currencies as in the
last week, the Rupee and the Mark demonstrated a mix trend in the
market and the two gained and lost throughout the week as a part of
the normal trading trend. Mark was trading against the Rupee showing
a net rise of 0.40 Paisa at the close of the markets and the week.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 30.1 |
29.6
|
1.858 |
26.975 |
11.584 |
Comments: In
the international market, a mix trend of ups and downs was observed
as the Dollar for most of the time kept the currency under pressure
in the tradig desks. However, the Yen held near a two-week low
against the Dollar and was headed for its first losing week in three
as reports showed the Japanese economy is faltering. The Yen traded
at 117.38 per Dollar, compared with the 117.40 Yen set in late New
York trading yesterday. The Japanese currency fell 1.4 per cent this
week. Against the Euro, it was little changed at 109.21 from 109.20
in New York
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .5275 |
.541 |
-2.495 |
.505 |
4.455 |
