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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Nov 17, 2001

Comments: The Rupee started the week with a burly footing against the US Dollar but saw a massive fall as the market crossed Rs. 63/-, mark for the first time during the last two months. However the Rupee recovered its lost grounds as the release of fresh grant by the US supported the Rupee to bring the market sentiments down and thus the Rupee ended the week with firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.50

60.10

2.3294

60.955

.8941

 


Comments: In the domestic market, the Pak Rupee moved either ways as both rise and fall in the values of the currencies were recorded. The market however remained normal and no unusual buying and selling of the currencies were witnessed. The Rupee ended the week showing a gain of 0.05 Paisa here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

88.00 87.90 11.37 87.1 1.0332

 


Comments: A slight fall in the value of the Rupee was recorded against the German Mark this week as the US Dollar lost grounds against the Euro thus giving support to the German Mark in the domestic market. The Rupee ended the week showing a trail of 0.05 Paisa against the currency mainly due to a strong Euro in the international market.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.80 27.70 .3610 26.6 4.5112

 


Comments: In the domestic market, the Rupee found itself strong against the Yen and a slight gain in its value was recorded at the close of the markets. The reduction in the trading activities in the wake of 11th September events and war in Afghanistan has reduced the demand of Yen these days and thus the Rupee is availing a chance to show gains on the other hand.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.497 .502 -.9960 .558 -10.9318