PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 17,
2002

 

 

Comments: The Rupee remained firm against the US Dollar this week and showed no rise and fall throughout the week. The demand of the currency remained bleak while the easy supply of the greenback made it possible for the rupee to cover the existing one. During the whole week, the rupee stood firm at Rs. 59.43 and showed no major or minor change in most of the sessions.
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.455

59.475

-.0336

67.025

-11.2942

 


Comments: The Rupee showed a mix trend against the Pound this week. In the initial stages of the week, the rupee stood firm and demonstrated gains in its price. However, towards the end of the week the rupee had to give up its firm note and lost 0.20 paisa. The international market fluctuations affected the rupee against the sterling. The demand of the currency was normal and much rise was not recorded which was met easily with the available supply in the market.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.71 93 1.3870 96.3 -4.7663

 


Comments: The Rupee remained strong against the German Mark this week and no major change was recorded in its price. The rupee however lost against the Euro in the market. The rise of the euro in the international market was the main causative factor for depressing the rupee here in the kerb.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.35 30 2.1666 31.225 -6.0048

 


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. On the other hand, the weakness of yen in the international market against its major rivals also supported the rupee at its place.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5025 0.497 1.1066 0.5515 -8.8848