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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  July 21, 2001

Comments: The rupee in the open market this week remained stiff against the Green back and in most of the sessions showed an upper hand against the green.The national currency ended the week's trading with a positive note. As the market sentiment remained in its favor a mid easy supply of the green back in the market ample to meet the requirements of the currency from the individulas and corporate circle. The Rupee ended the week showing a gain in its value against the US Dollar.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

67.675

67.5

.2592

55.76

21.3683

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Comments: In the open market, the rupee trading with a sluggish trend as for most of the time the sterling demonstrated a rise in its value against the national currency. The rupee ended the week showing a loss in its value against the pound as compared to the last weeks trading score.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

96.1 94.6 1.5856 83.8 14.677
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Comments: The german markets showed strength against the pak rupee this week since the euro in the international market traded in tight range and also showed gains and thus the german mark remained under the same influence and ended the week with a firm note against the pak rupee.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30 29.45 1.8675 26.325 13.9601
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Comments: In the domestic market,Yen showed improvement in its value agaianst the rupee this week. In the international market, yen ended the week showing 8-month highs against the greenback a mid to speculation the group of eight industrialized nations may signal this weekend they' re willing to halt the currency' s advance.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.544 .535 1.6822 .505 7.722