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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 03, 2001

Comments: In the open market, the Rupee remained firm against the Green back and any major change in the trading price was not recorded as compared to last week’s ending score. The Rupee in most of the sessions did not show any major change in the trading price and traded at Rs.61.35 for buying as against Rs.61.45 for selling respectively. The absence of any minor activity from the buyers kept the demand of the Green back at low ebb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.35

61.70

-.5672

61.275

.1223

 


Comments: The Rupee in the open market dealings lost significant value against the Pound Sterling this week, as the demand of the currency was high in the market supported by the strong Sterling on the international desks as well. The Rupee gave up the strength against the Pound and lost ample grounds in the trading sessions.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.40 88.70 1.9165 88.9 1.6872

 


Comments: The three-week record highs of the Euro against the Green back and continuous firm support from the market defended the German Mark in the kerb dealings as well. The Rupee lost grounds against the Mark and remained under stress in most of the trading sessions. However, the trading remained normal through- out the week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

28.55 28.45 .3514 27.15 5.1565

 


Comments: In the open market dealings, the trading between Yen and Rupee did not show any major change and thus the week ended at normal trading levels. In the international market, the US Dollar and Euro kept Yen under pressure. However, the currency showed some signs of recovery in the ending sessions of the week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.506 .503 .5964 .57 -11.228