PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 16,
2002

 

 

COMMENTS: The Rupee in the kerb this week showed active gains against the Green back and the market that was static for the last so many weeks became too much active. The rupee marched ahead smartly by showing significant gains in its price mainly due to a high increase in the selling pressure in the market. The rupee posted smart gains on the desk and ended the week on a strong note..
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.155

58.595

-0.7509

61.50

-5.4390

 


COMMENTS: The Rupee showed a mix trend against the Pound this week. The rupee started the week on a negative note and dipped 0.20 paisa as pound was relatively strong in the international market, which stressed the rupee here as well. However, in the later stages of the week, the rupee managed to recover its value and stood firm till the end of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

92.00 92.40 -.4329 88.00 4.5454

 


COMMENTS: The Rupee moved both ways against the Euro this week too. In the first three days, the strong sentiments of Euro against the US dollar in the international market depressed the rupee and the national currency lost grounds. However, the rupee made a recovery in the ending days since the demand of the currency fell supported by its weak performance in the international market in the closing sessions.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

58.825 59.10 -4653 - -

 


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.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4825 0.4825 - 0.497 -2.9175