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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
Apr 06, 2002

Comments: In the open market, the Pak Rupee dominated the trading sessions this week as the national currency gained significant grounds against the Green back on the desks. The Rupee gained 0.10 Paisa against the Green on the desks as the national currency met the existing demand of the currency with quite ease while on the other hand, the demand force also remained at normal ebb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.325

60.325

0.00

64.125

-5.9259

 


Comments: The Rupee in the open market remained strong against the Pound this week too and in most of the sessions, gained grounds against the currency. The demand of the Pound came in normal volumes fair enough to be met easily by the existing supply in the market. The gains of the US Dollar in the international market subdued the Sterling.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

86.70 `86.275 .49926 91.9 -5.7142

 


Comments: The Rupee showed strength against the German Mark this week too and thus continued with the firm footing that it has been showing for the last couple of days. The fall of Euro in the international market against the US Dollar showed its impact in the kerb as well and thus the Rupee ended the week showing a gain in its price.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.05 26.90 .5576 29.5 -8.3050

 


Comments: The Rupee remained firm against the Yen this week too and much change in its price at the end of the market was not recorded here in the kerb. Normal trading volume was recorded at the end of the week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4565 0.454 .5506 .513 -11.0136