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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  June 30, 2001

Comments: In the kerb, a mix trend of trading prevailed in the market this week as the Rupee showed both highs and lows against the Green back on the trading desks. In the earlier days of the week, the demand of the Green was comparatively low as with respect to its supply that helped the Rupee to gain swift grounds whereas towards the end of the week the higher demand of the currency made the Rupee to give up the gained values. Overall, Rupee remained firm against the Green back at the close of the markets.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

66.65

66.6

.0750

54.95

21.2920

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Comments: In the open market, Rupee dipped against the Pound as the currency gained against the Green at the international front thus bearing its impact on the Rupee as well. The Rupee lost 0.50 Paisa against Sterling at the close of the markets here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.6 93.35 .2678 83.3 12.3649
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Comments:Taking cues from the mix trend of trading in the international market, the German Mark behaved in the same way here in the kerb as well. Both rise and fall in the value of the Mark against the Rupee was observed and the week ended giving an edge of 0.15 Paisa to the Mark against the Rupee this week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

28.8 -.4321 .0865 26.725 7.7642
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Comments:In the domestic market, any significant change in the value of the Rupee against the Yen was not recorded and normal trading took place throughout. The Yen had its biggest gain against the Dollar in a month after Japan's finance minister doused speculation U.S. and Japanese leaders will agree to let the currency fall.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.5285 .5265 .3798 .515 2.6213