PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  July 27,
2002

 

 

Comments: In the open market, the Rupee found adequate support from the market sentiments this week and continued to show firm footing against the US Dollar this week too. The Rupee started the week with a strong footing due to the sufficient supply of the currencies in the market and prolonged with the same trend throughout.

 

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.705

59.96

-.4252

67.325

-11.3182

 


Comments: The Rupee this week showed some gains against the Pound Sterling. The Rupee was able to recover some grounds that it had lost in the last few days due to low turnover of the currency and the weak standing of the Pound in the international market this week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.80 93.175 .6707 95.4 -1.6771

 


Comments: The Rupee remained firm against the German Mark this week too and no major change in the prices of both the currencies were recorded. The Rupee also showed gains against the Euro this week but however, rise and fall in the prices continued throughout the week. The Rupee recovered some grounds against Euro this week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30.35 30.275 .2477 30.025 1.0824

 


Comments: The Rupee this week too showed no major change in its price against the Yen. The Rupee showed no major change in the price as compared to last week but a mere depreciation was recorded as Yen showed major gains against the US Dollar in the international market thus dipping the Rupee as a result.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5035 0.5115 -1.5640 0.5395 -6.6728