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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  June 23, 2001

Comments: The Rupee against the Greenback this week remained silent and no major movement in either way was recorded in its value at the close of the markets here on Saturday. Most of the time, the Rupee moved within the range of Rs. 66/50 for buying and Rs. 66/60 for selling respectively. The announcement of the budget this week may be the possible causative factor for this attitude of the Rupee in the market as the buyers that were harshly active in the market as far as Greenback is concerned, got sidelines upto some extent and thus the trading sessions ended quite smoothly without making any significant change in the value of the Rupee against the Dollar.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

66.6

66.35

.3767

54.875

21.3667

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Comments: In the kerb, the Rupee lost its value against the Pound Sterling as the currency got active cues from the international gains and thus ended the week showing a gain of 0.90 Paisa against the Rupee.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.35 92.1 1.3572 82.3 13.4264
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Comments: In the local market, the Rupee mostly remained unchanged and much fluctuation in its value was not recorded against the German Mark at the end of the week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

28.925 28.9 .0865 26.3 9.9809
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Comments: In the local market, no major change in the value of the Rupee took place against Yen this week. In the international market, the Yen fell on concern the world's no. 2 economy is headed for recession after Japan posted its smallest trade surplus in eight years and revised down its growth forecasts.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.5265 .5345 -1.4967 .521 1.0554