. .



FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  July 14, 2001

Comments: The Rupee showed a jumble trend of trading against the Greenback here in the kerb as the national currency moved both ways on the desks. The Rupee in the first five days of the week shed 0.60 Paisa as the currency at one stage surpassed all the previous trading lows. However, the Rupee managed to make smart recovery by showing a massive come back of 0.50 Paisa and thus ended the weeks trading comparatively with a firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

67.5

67.025

.7086

54.895

22.9620

.

.

Comments: In the open market, Pound Sterling kept the Rupee under pressure this week as the currency showed gains against the national currency in most of the sessions. Rupee ended the week showing a loss of 0.60 Paisa against the Sterling at the close of the markets.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

94.6 94 .6382 82.6 14.5278
.

.

Comments: In the domestic market, the Rupee dipped against the German Mark as the currency took cues from the gains of the Euro in the international market against the US Dollar. Rupee shed 0.55 Paisa against the Mark at the close of the week's trading.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.45 28.925 1.8150 26.425 11.4474
.

.

Comments: In the national market, Rupee traded normally against Yen this week too. In the international market, the Yen at the end of the week fell for the first day in three after the Bank of Japan rejected government calls to expand the supply of money, reinforcing concern the world's second biggest economy won't recover anytime soon.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.535 .5285 1.2298 .507 5.5226