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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Oct 20, 2001

Comments: The Rupee in the open market remained firm this week too and major fall in its value was not witnessed against the Green back. The market sentiments went in favour of the national currency as the demand of the Green came less than normal and thus the existing supply of the currency met the requirements with fair ease.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

62.60

63.25

-1.0276

59.8

4.6822

 


Comments: In the kerb market, the Pound Sterling showed stress against the Rupee as the international falls of the currency made it to behave as the same here as well mostly, the individuals sold their held Pounds in the market with a fear that it may go down further.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.30 91.45 -1.2575 87.1 3.6739

 


Comments: In the open market, the Rupee gained significant grounds against the German Mark as the slim trading activity in the market supported the national currency to show fine resistance against the mark till the close of the markets on Saturday.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.10 29.45 -1.1884 25.9 12.3552

 


Comments: In the domestic market, the Rupee remained firm against Yen and slight change in the trading price was recorded at the end of the week, in the international market, the US Dollar also kept Yen under pressure while Euro traded in mix variations throughout week's trading sessions.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.516 .516 0.00 .5485 -5.9252