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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
Mar 02, 2002

Comments: In the open market, the trading drift between Rupee and the US Dollar was not much dissimilar from last week and no major change was recorded in the value of the Rupee this week too. The market showed normal momentum and routine buying and selling of the Greenback was seen on the desks. The week ended without making a substantial change in the values of the Pak Rupee.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.02

59.775

.4098

62.95

-4.6548

 


Comments: The Rupee remained firm against the Pound and no major change in the value of the national currency was recorded throughout the week. The trading trend remained normal and no active participation of the buyers and sellers in the market kept the turnover of the currency at normal ebb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

85.60 86.60 -1/1547 91.6 -6.5502

 


Comments: The Rupee this week although remained firm against the Mark. Mere falls in its value were recorded. The week started with a positive note but with due course of time, the German Mark gained. However the fall of the Rupee remained under control and the week ended giving the Rupee a firm position.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

26.70 26.95 -.9276 29.6 -9.7972

 


Comments: The Yen showed no major gain or loss against the Pak Rupee in the trading this week too and thus remained unchanged for most of the time of the week here in the kerb. The trading price more or less remained the same throughout the week except the routine ups and downs that are a part of the routine trading trend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.45 0.4540 -.8810 .541 -16.8207