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FOREX KERB WATCH

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

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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
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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
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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