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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 29, 2001

Comments: In the local market, the Rupee lingered under pressure against the Dollar in this week's dealings. The demand of the Green in the market remained at highs that procured the Rupee to loose it's grounds as it crossed the Rs. 62 level for the first time in the last two months. The Rupee however showed recovery in the last two days of trading as it ended the week at Rs. 61.90 for buying and Rs. 61.95 for selling respectively.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.925

61.725

.3240

54

14.6759

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Comments: In the local market, the behaviour of the Rupee versus the Pound remained normal as no major change transpired in the market throughout the whole week. A mix trend of trading was observed as both the currencies espied rise and falls till the end of the week. The Rupee however lost 0.10 Paisa against the Pound at the end of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.6 90.4 .2212 88.1 2.8376
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Comments: In the local market, the Rupee gained 0.15 Paisa against the Mark this week. The trading trend remained standard and normal volume of demand remained in action from the individuals and no unusual contrivance was observed throughout the week. In the international market, the Euro showed firmness against the Dollar, Pound and gained against Yen.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.35 29.5 -.5984 27.45 6.9216
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Comments: In the international market, the Yen remained under immense pressure against it's trading opponents especially against the Dollar and Pound. The latest issued economic data this week revealed that the Japanese trade surplus had fallen to it's lowest since 1997 accompanied with a slow down in the Japanese export perspective. Also, the news that four Japanese leading banks are under watch with negative implications further affected the Yen to loose it's grounds to further extent in this week's trading.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.527 .5245 .4766 .508 3.7401