. .



FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
Mar 22, 2002

Comments: In the open market, the Rupee did not show any major change in its price with respect to last week's trading score as the market comparatively remained static and no major activity therefore was recorded throughout. The Rupee throughout the week traded at Rs.60.50-55, showing a gain of 0.10 paisa as compared to last week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.525

60.505

.0330

64.125

-5.6140

 


Comments: In the open market, the Rupee and Pound remained firm against each other and throughout the week, significant rise and fall was not recorded except the routine fluctuations. The firm trading behaviour of the Pound in the international market showed its trend in the local markets too.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

86.775 86.35 .4921 91.325 -4.922

 


Comments: The Rupee remained strong against the German Mark this week too. The trading turnover remained normal in the sessions. The demand of the Mark was less than its supply thus giving an edge to the national currency in the form of mere gains. The Euro also remained dim in the trading and no major change was recorded in its price.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.30 27.30 0.00 29.2 -6.5068

 


Comments: In the open market no change in the price of the Rupee against Yen was recorded throughout the week. The currency stood motionless in most of the sessions for the reason that no big demand came in the market due to slow trading activities from the buyers ahead of the Muharram holidays. On the other hand, the weakness of Yen in the international market against its major rivals also supported the Rupee.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.457 0.4675 -2.2459 .52 -12.1153