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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 22, 2001

Comments: This week the Rupee remained under pressure and lost substantial grounds against the Dollar in the trading. The Rupee lost around 0.50 Paisa in both the modes of trading. Amid to heavy increase in the demand of the Green and the relative shortage of the Dollars in the market. The demand of the Dollar came from the individuals and the investors that resulted in an increase in the value of Dollar versus the Rupee.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.725

61.25

.7755

53.975

14.358

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Comments: The Rupee espied a mix trend against the Pound as both rise and fall in the value took place in the trading of the currency. The Rupee demonstrated recovery in it's value and gained significant improvement in it's value as compared to the last week's level. The Rupee gained 0.40 Paisa in the trading at the close of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.4 90.85 -.4953 89.3 1.231
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Comments: In the domestic market, the Rupee faced a tough competition from the market as the currency took clues from the international market and made the Rupee to loose it's grounds in the trading. At the end of the week, the Rupee showed a gain of 0.40 Paisa in the trading. In the international market, the Mark gained significantly against the Dollar, Pound and Yen.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.5 29.9 -1.3377 28 5.357
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Comments: In the International market, the Yen is still finding difficult to compete with it's rivals as the economy of the country is still not in a favourable position for the investors. The Yen lost against all the major currencies this week too including Dollar, Pound and Eur. The currency has been waiting for some encouraging results of the economy so that the investors may regain their confidence to uphold the lost grounds of the currency.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.5245 .5165 1.5488 .513 2.2417