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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Dec 08, 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 which was well supported by the existing supply of the currency in the market. The Rupee thus ended the week with a firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.575

61.15

-.9403

60.745

-.2811

 


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 hurt the currency and thus ended the week showing a loss at close of the markets here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

87.10 87.35 -.2862 87.7 -.6841

 


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 in its prices as compared to the last week's trading score.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.70 28.05 -1.2477 27.7 00.00

 


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

.4845 .496 -2.116 .547 -13.6761