Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Nov
10,
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 |
|
60.10
|
61.35
|
-2.037
|
61.175
|
-1.757
|
Comments:
The Rupee resisted against the Pound Sterling with full swings and
showed a firm footing against the currency throughout the week. 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.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 87.90 |
90.40 |
-2.765 |
87.6 |
.3424 |
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 0.95 Paisa as
compared to the last week's trading score.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 27.70 |
28.55
|
-2.977 |
27.075 |
2.308 |
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 as a move to support the currency.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| 0.502 |
.506 |
-.790 |
.566 |
-11.307 |
