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
|
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 |
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 |
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 |
