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
|
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 |
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 |
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 |
