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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 11, 2001

Comments: In the domestic market, the Rupee started this week with a weak note as the national currency lost its grounds in the trading on the first two days amid to an increase in the demand of the currency as the banks and SBP activated in the market to cater their requirements. However since Thursday, the Rupee made recovery in the market as the demand went to normal and thus the national currency ended the week showing no change in its value against the Greenback as compared to last week closing score.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

67.025

67.075

-.0745

56.25

19.155

 


 

Comments: The Rupee in the domestic market remained strong against the Sterling this week as the currency traded under stress amid to its record losses in the world currency market. The Rupee ended the week showing a gain of 0.30 Paisa against the Pound this week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

95 95.300 -.3147 84.3 12.6927

 


 

Comments: The German Mark kept the Rupee under pressure for most time of the week as the currency traded under the influence of massive gains of the Euro against all the major rivals throughout this week. The Rupee had to suffer a loss of 0.35 Paisa at the close of the markets here in the kerb as compared to last week's trading price.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30.8 30.075 2.4106 26.225 17.4451

 


 

Comments: In the domestic market, Yen remained at normal level against the Pak Rupee and any noticeable change in the trading values did not come forward. In the international market, Yen remained under pressure against Euro and US Dollar as the currency failed to make any positive advancement in the absence of strong investors confidence to buy the currency.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.544 .537 1.303 .5135 5.9396