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FOREX KERB WATCH

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