. .



FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
Apr 27, 2002

Comments: In the open market, the Pak Rupee stood firm against the Green back throughout the week and no major change in its price was recorded on the desks. There was no major activity in the market that supported the Rupee to maintain the stable trend that it is holding for the last two weeks. The Rupee ended the week with a firm note against the US Dollar.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.325

60.425

-.1654

63.975

-5.7053

 


Comments: The trading trend between the Rupee and the Pound remained on a high note and the national lost certain grounds against the Pound here as a result in the kerb. The Rupee in most of the sessions remained stiff and a significant loss of Rs.1.25 in its price was recorded on the desks. The Rupee thus ended the week showing fall in its price against the Pound.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

88.20 87.70 .5701 91.9 -4.0261

 


Comments: The German Mark traded at more or less the same price as it was trading last week. Only a slight difference was recorded till the close of the markets. However, the gains of the Euro in the market due to its strong footing against the US Dollar in the international market this week created its impact in the kerb too and the Euro showed a significant gain against the Rupee.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.85 27.55 1.0889 29.225 -4.7048

 


Comments: The Rupee remained strong against the Yen this week too as the currency was demanded less than normal by the business individuals too. The trading turnover remained less than normal this week too and thus the Rupee maintained its stability in its price against Yen at the end of the week here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4705 0.4625 1.7297 .5059 -6.9974