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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 05, 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.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

61.15

61.10

.0818

61.075

.1227

 


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

88.10 88.10 0.00 91.76 -3.9886

 


Comments: The Rupee this week although remained firm against the Mark but the introduction of Euro in the international market on January 1, 2002 did show some impact on the value of the Rupee in some sessions of the week and mere falls in its value were recorded.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.95 27.40 2.0072 29.80 -6.2080

 


Comments: The Yen showed no major gain or loss against the Pak Rupee in the trading this week too and thus remained unchanged for the third consecutive week here in the kerb. The trading price more or less remained the same throughout the week except the routine ups and downs.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.462 .4645 -.5382 .5235 -10.9455