Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on June 09,
2001
Comments:
In the domestic market this week, the Rupee showed a mix trend of ups
and downs in its value against the Green back on the trading desks.
The demand of the Green came in big volumes this week too but however,
the situation remained comparatively under control as the slight
improvement in the supply of the currency also supported the Rupee to
gain some grounds in the sessions. This week, selling pressure existed
in the market on the first three days making the Rupee to gain while
the buying pressure in the last three days urged the Rupee to loose
again.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
66.25
|
66.15
|
.1511
|
54.875
|
20.728
|
Comments: In
the local market, the Rupee made fine recovery against the Sterling as
the currency gained significant grounds in the trading sessions
throughout the week. Rupee ended the week showing an uplift of Rs.
1/70 Paisa at the close of the markets.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 91.1 |
92.6 |
-1.619 |
83.1 |
9.626 |
Comments: In
the domestic market, the Rupee for most time of the week kept an
upper hand over the Mark and thus concluded the week's trading
showing a gain of 0.20 Paisa against it.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 28.5 |
28.4
|
.3521 |
26.625 |
7.0422 |
Comments: In kerb, Rupee mostly remained unchanged against Yen this week. In the
international market, Yen lost 0.9% after gaining 3.5% in the last
week's trading. Fall in the Japanese stocks, growing concerns of the
Japanese government over the slow pace of economic growth of the
country, together lead the investors to sell Yen and thus the
currency lost its grounds.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .5355 |
.5415 |
-1.108 |
.508 |
5.4133 |
