. .



FOREX KERB WATCH

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