PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 09,
2002

 

 

COMMENTS: In the open market, the Rupee did not show any major change in its price with respect to last weeks trading score as the market completely remained static and no major activity therefore was recorded. The Rupee throughout the week traded between Rs.58.90 and Rs.58.95 and showed no major change.

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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.92

58.97

-0.0847

61.35

-3.9608

 


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 and thus the current week ended without showing any major change.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

92.10 91.80 .3267 90.40 1.8805

 


COMMENTS: The Rupee remained strong against Euro this week too. The trading turnover remained normal in the sessions. The demand of the currency was less than its supply thus giving and edge to the national currency in the form of mere gains. The Rupee was able to stand firm at the end of the week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

58.65 57.70 1.6464 - -

 


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 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

0.4795 0.47 2.0212 0.506 -5.2371