Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Apr 07,
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 chances to the Rupee for getting firm footing and to recover
whenever possible.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
64.125
|
64.14
|
-.0233
|
54.169
|
18.379
|
Comments: In
the domestic market, the Rupee showed a mix trend against the Pound
this week. In the domestic market, 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 and ended
with the same as the Sterling managed to post a gain of 0.70-Paisa
against the Rupee to close the markets.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 91.9 |
91.4 |
.547 |
86.1 |
6.736 |
Comments: In
the local market, the German Mark showed an upward trend against the
Rupee this week as the currency remained at an edge in the
international market and thus traded under the same move in the kerb
too. The trading moves were not very disappointing for both the
currencies. The Mark ended the week showing a gain of 0.45 Paisa in
the trading against the Rupee this week.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 29.5 |
29.1
|
1.374 |
26.7 |
10.486 |
Comments: In
the kerb, the Yen remained flimsy against the Rupee and lost further
values against it till late Saturday. The demand of the currency
remained up but the currency was physically short of supply in most
days of the current week. 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 trading desks.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .513 |
.5085 |
.884 |
.514 |
-.1945 |
