PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  July 13,
2002

 

 

Comments: The Rupee in the kerb showed massive gain against the Green back at the weekend and breached major break level for the first time in the last three months. The Rupee started to gain in the late afternoon session on Friday and continued with the same trend today as well. 

 

 

The major gains of the Rupee in the inter bank market was reflected in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.96

60.175

-.3572

67.325

-10.9394

 


Comments: The Rupee in the open market showed a mix trend of rise and fall against the Sterling this week. The Sterling that lost the major support level against the US Dollar in the international market lost its fast tempo against the Rupee and thus gave it the chances to recover some of the grounds that it had lost in the last weeks trading. The Rupee stood firm.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.175 91.60 1.7194 95.4 -2.3322

 


Comments: The Rupee stood firm against the German Mark and showed no major change in the price against the German Mark this week too. The demand and supply of the currency remained normal in the market. The Rupee also got support from the market and showed gains against the Euro too.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30.30 29.80 1.6778 30.025 .9159

 


Comments: The Rupee lost some grounds against Yen this week as the demand of the currency came from the corporate circle and made the Rupee to fall slightly to meet the existing demand. The losses were however subdued by the Rupee in the closing sessions of the week as the US Dollar fell weak against the Rupee.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5115 0.498 2.7108 0.5395 -5.1899