PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 23,
2002

 

 

COMMENTS: In the open market, the Rupee lost against the US Dollar in the first few days of the week. The rupee started the fresh week but the gains of the US dollar in the international market depressed the national currency. On the other end, the rise of the inter bank dollar rate also affected the kerb dealings and thus the rupee lost grounds on the desks. The national currency however recovered in the closing sessions of the week.
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.27

58.155

0.2063

61.50

-5.1749

 


COMMENTS: The trading trend between the Rupee and the Pound remained on a normal note and slight fluctuation in the values of the currencies according to the market conditions were witnessed here in the kerb. The rupee in most of the sessions remained firm and major loss in its price was not recorded on the desks. The rupee overall ended the week with a positive note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

92.12 92.00 0.1304 86.75 6.1902

 


COMMENTS: The Euro traded at more or less the same price as it was trading last week. However, mild ups and downs were observed and the rupee moved both ways against the currency of the desks. The rupee lost grounds in the opening sessions of the week but was able to recover the same towards the end. The gains of the euro remained under submissive holds and the rupee ended the week firmly against the currency.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

58.20 58.825 -1.0624 - -

 


COMMENTS: The Rupee remained firm against Yen this week too and much change in its price at the end of the week was not recorded here in the kerb. There was no major demand from the buyers, which supported the rupee to stand firm for yet another week and thus the rupee ended the week on a positive note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.472 0.4825 -2.1761 0.4955 -4.7426