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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 04, 2001

Comments: This week under review remained calm and much activity in the market was not observed throughout. Trading took place at normal pace and the Rupee in most of the sessions showed firmness against the Greenback this week. The selling pressure persisted in the market that gave considerable support to the Rupee that had suffered from severe depreciation in its value against the Green in the last two months. Speculative buyers also remained at side lines and thus the Rupee ended the week showing more uplift in its value against the Greenback.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

67.075

67.325

-.3713

55.845

20.1092

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Comments: In the domestic market, the Rupee moved both ways against the Sterling and major change in its value was not recorded as compared to last week's trading score. The Rupee showed a gain of 0.15 against the Pound at close of the markets amid to fall of the currency in the world market against the Dollar.
In the international market, Pound after gaining initially ended the week with a weak note as a data showed less than expected economic results of the nation.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

95.300 95.4 -.1048 84.1 13.3175
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Comments: In the Kerb, German Mark remained firm against the Pak Rupee and showed a gain of 0.15 Paisa at the close of the markets. The main reason of this behavior of the currency comes out to be the firmness of the Euro against the Greenback in the international market.
In the world currency market, the Euro traded positively against all its major rivals but trimmed all its gains in the ending sessions of the week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30.075 30.025 .1665 26.1 15.2298
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Comments: Normal changes were recorded in the value of the Rupee against Yen here in the Kerb this week. In the international market, Yen closed with a mix trend and throughout the week showed losses against Yen and US Dollars. However marching towards the end of the week, the Yen recovered its grounds against Euro.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.537 .5395 -.9999 .505 6.3366