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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 24, 2001

Comments: The trading pattern between the Rupee and US Dollar remained mix as both rise and falls in the values of both the currencies were recorded here in the kerb. The Rupee however, for most of the time remained firm against the Green as the demand of the currency remained slim and thus the Rupee was well supported by the available supply of physical currency in the market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.45

61.50

-.0813

61.055

.6469

 


Comments: Rupee this week too continued with its firm standing against the Pound Sterling as the currency sensed enough pressure on the international trading desks and thus reacted as the same here in the kerb too. The Rupee lost mere grounds against the currency on Wednesday but recovered soon and thus ended the week with a gain of 0.05 Paisa at the close of the markets.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

86.75 88.00 -1.4205 85.6 1.3434

 


Comments: In the domestic dealings, the Rupee showed active gains against the German Mark this week and most of the time showed gain in its value in the trading sessions. The trading remained normal and no major buying and selling of the currencies were recorded till the close of the markets. At the end of the week, the Rupee showed an uplift of 0.05 Paisa.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.60 27.80 -.7194 26.3 4.9429

 


Comments: The Rupee remained firm against Yen and no major change in the values was recorded here in the kerb. The decline in trading activities has reduced the demand of the currency as well and thus the Rupee has been showing firm note in the market dealings. In the international market, the US Dollar ended the week showing record highs against Yen on Friday.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.4955 .497 -.3018 .5475 -46.0273