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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
June 01, 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 major activity therefore was not recorded throughout. The Rupee throughout the week traded at Rs. 60/40, showing a gain of 0.05 Paisa as compared to last week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.55

60.655

-.1731

66.15

-8.4656

 


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 current week ended without showing any major change in the prices of the two currencies.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

88.30 88.10 .2270 92.6 -4.6436

 


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.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

28.80 28.35 1.5873 28.4 1.4084

 


Comments: In the open market no major 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.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4825 0.4805 .4162 0.5415 -10.8956