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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
Mar 16, 2002

Comments: The Rupee remained weak against the Green back this week in most sessions and showed falls in its price till the close. The demand of the Green came in big volumes especially from the corporate circle, which not only increased the price of the Green in the interbank market but behaved the same in the kerb too.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.505

60.575

-.1155

63.196

-4.2581

 


Comments: The Pound showed strength against the Rupee this week too and gained against the Rupee at the close of the markets. The rise in the price of the US Dollar and strong support for the currency in the international market created its impact in the kerb too. The Rupee ended the week showing a fall of 0.30 Paisa against the Pound here in the kerb at the end of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

86.35 86.20 .1740 91 -5.1098

 


Comments: The Rupee in the open market remained under pressure in most of the sessions. Although Euro lost significant grounds against the Green back and other major currencies in the international market but here in the kerb, the Rupee remained under pressure mainly due to an increase in the demand and the overall pressure on the Rupee due to the rise in the price of the US Dollar.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.30 27.125 .6451 29.125 -6.2660

 


Comments: Yen this week too kept the Rupee under pressure and gained more grounds in most of the sessions. The demand of the currency continued to come in heavy volumes, as the importers demanded the same for making their payments as the end of the first quarter of the year is approaching. Thus it is expected that the Rupee might remain under pressure.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4675 0.4685 -.2134 .5135 -8.9581