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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Sep 19, 2001

Comments: In the open market, the Rupee this week came under pressure against the Green Back and thus gave up the firm trend that it had been showing in the last two months of trading. The market this week experienced panic buying of the Green Back in the first three days that made the Rupee to depreciate its value on the desks. The Green Back resisted against the Rupee throughout and the Rupee failed to get any positive support from the market sentiments.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

67.325

67.075

0.3727

60.125

11.9750

 


Comments: The Rupee continued to loose against the firm Sterling and another fall in its vale was recorded against the currency. The Rupee is showing continuous drift against the Sterling since last two months as the Sterling is showing firmness against the major currencies in the international market. However, the Rupee showed a slight recovery in its trading price on Saturday.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

98.00 97.5 .5128 87.2 12.3853

 


Comments: In the open market, the Rupee showed a mix trend against the German Mark this week as Euro demonstrated both ups and downs against the major currencies this week. The Rupee also showed rise and fall and ended the week showing a gain of 0.15 paisa here in the kerb. This was the first gain of the Rupee at the weekend in the last two months of trading.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

31.50 31.375 .3984 29.125 8.1545

 


Comments: No major change in the value of the Rupee against the Yen was recorded in the domestic market this week. The transactions were at normal spectrum. In the international market, the Yen showed a mix trend against the US Dollar and Euro while Pound in a few sessions showed active gains against the currency till the close of the markets.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.569 .566 .5300 .553 5.794