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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Oct 13, 2001

Comments: A further fall in the Rupee Dollar parity was witnessed in the trading as the Rupee showed more recovery against the Green back this week here in the kerb. The trading sessions remained thin this week too and the Green was not demanded in significant volumes which was well supported by the existing supply of the currency in the market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

63.25

63.95

-.0109

61.72

2.4789

 


Comments: The Rupee resisted against the Pound Sterling with full swings. The less than normal demand of the Pound accompanied with its low profile of trading against the US Dollar in the international market hurt the currency and thus ended the week showing a significant loss of Rs. 3.70 Paisa at close of the markets here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.45 94.15 -2.8677 89.6 2.0647

 


Comments: In the open market, the Rupee crossed the German Mark this week too as more gain in the value of the currency was witnessed in the sessions. The Rupee remained strong against the Mark for the whole week and thus closed the markets showing a rise of 0.60 Paisa.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.45 29.80 -1.1744 27.1 8.6715

 


Comments: In the open market, Yen also showed less demand as an overall slowdown in the trading made the currency to dip against the Rupee this week. In the international market, the US Dollar showed active gains against the Yen as the investors sold Yen against Dollar.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.516 .523 -1.3384 .567 -8.9947