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FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Mar 26, 200
5

 

 

COMMENTS:
The rupee continued to lose against the greenback this week and more depreciation in its value was recorded. The national currency started new week on a sluggish note and continued to trade under pressure on account of increased demand, lower supply and rising trend of dollar both in inter bank as well as international markets.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.795

59.545

.4198

57.745

3.5500

 


COMMENTS: The trading trend between rupee and pound sterling was just reverse than preceding week. The currency which had improved its standing, earlier lost the tempo in this week's sessions and gave up hefty grounds. Rupee was able to recover against sterling due to its downward performance against the greenback in the international market.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

112.15 114.45 -2.8833 105.00 6.8095

 


 

 

COMMENTS
:
A downward trend in the price of euro was observed throughout the week and in most of the sessions, rupee stood as a gainer. The major reason of euro's fall was its fall against the US dollar in world markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

77.9 79.35 -1.8273 71.10 9.5639

 


COMMENTS: Rupee was able to show recovery against yen this week as dollar came up against the currency on the international desks mostly throughout the week. Continuous decline in the price of yen was recorded as the dollar mercilessly punished its low yield counterpart to gain over a full yen to a 6-week high of 106.16. The tracing trend remained in favor of national currency and therefore, yen closed current week on a negative note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5625 0.5665 -.7060 0.544 3.4007