FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Sep 08, 2001

Comments: In the kerb, the Rupee remained unchanged against the Green back and made no major movement against the rival, prolonged the week with a firm note and thus ended the week with a positive note for the fourth consecutive week this month. The Rupee made swift grounds in the trading and remained firm throughout the week on the desks against its major rival, the Green back.

RUPEE/US DOLLAR
This Week	Last Week	% Change	Last Year	% Change
66.97	67.025	0.0820	52.275	28.110

 

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Comments: Pound Sterling dominated the market this week as the currency marched towards record highs against the Pak Rupee. The Rupee remained under tremendous pressure against the Sterling in modest sessions of the week as the currency remained quite strong on the international trading desks and thus created its impact in the kerb too. The Pound Sterling ended the week showing a gain of Rs. 2/90, which was a major blow for the Rupee against the Sterling in the last few months of trading.

RUPEE/POUND STERLING
This Week	Last Week	% Change	Last Year	% Change
97.8	97.3	.5138	81.6	19.852

 

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Comments: In the open market this week the trading trend between Rupee and German Mark remained normal and major change in the value of the currencies was recorded till the close of the markets on Saturday. The two currencies moved side-by-side and mere fluctuation in the trading scores as part of the routine trend was recorded till the close of the markets.

RUPEE/DEUTSCHE MARK
This Week	Last Week	% Change	Last Year	% Change
31.05	31.15	-.321	25.475	21.884

 

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Comments: In the kerb, no major change in the value of Yen was recorded against the Rupee as trading took place at almost the last week's price and much deviation did not come forward at the end of the week. In the international market, the Yen fell a quarter per cent against the Dollar

RUPEE/JAPANESE YEN
This Week	Last Week	% Change	Last Year	% Change
.555	.5575	-.448	.538	3.159