Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on May 05,
2001
Comments:
In the open market, the rupee mostly dominated the green back in the
trading sessions throughout the week. The rupee remained firm
throughout and seldom gave any chance to the green back to come
forward and recover its lost grounds on the trading desks. The
currency also remained under the influence of the international
scenario where it also had to face tough competition from its rivals
after a weaker than expected jobs data signaling further weakness in
the economy of the country. Overall, the rupee ended the week with
strong footing against the green back this week.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
63.925
|
63.975
|
-0.0500
|
54.33
|
17.6053
|
Comments: The
rupee seemed to be struggling a bit to trade against the pound as the
currency in most of the sessions kept an upper hand over the rupee.
However, the rupee ended the week with slight improvement as the
sterling showed a loss of 0.20 paisa at close of the markets. At the
international front, pound showed a mix trend and moved both ways
against the US dollar this week. However, the sterling ended the week
with a positive note.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 91.70 |
91.90 |
-0.2176 |
84.3 |
8.7781 |
Comments: In
the kerb, the rupee kept mark under stress and showed rushing gains
over the currency as against last week level. The rupee closed the
sessions showing an uplift of 0.05 paisa against the mark this week.
In the international market, the euro mostly kept US dollar under
pressure and gained in most of the sessions as the American jobs
data showed weaker than expected results that helped the euro to
mark its gains in the trading.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 29.10 |
29.225
|
.4277 |
28.4 |
2.4647 |
Comments: In
the local market, yen did not deviate much from its persisting
trading score. However, in the international market, yen gained
against the US dollar amid to weak economic prospects of the US.
However, these gains of the yen may prove temporary and the currency
may see some losses in the coming days as the weak economic
perspective of the US is surely going to hurt Japan as well which is
supposed to be the largest exporters of its products to the US.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .5195 |
.5095 |
1.9627 |
.4235 |
2.2668 |
