FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  May 11, 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 one week. In most of the sessions, the demand of the Green back remained normal and no major change in the trading turnover was recorded throughout.

RUPEE/US DOLLAR
This Week	Last Week	% Change	Last Year	% Change
60.275	60.325	-.0828	64.14	-6.0258

 

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Comments: The trading trend between the Rupee and the Pound remained on a high note and the national currency showed significant changes in its price against the Pound here in the kerb. The Rupee in most of the sessions remained firm and a major gain of Rs. 0.70 in its price was recorded on the desks. The Rupee thus ended the week showing strong footing against the Pound this week.

RUPEE/POUND STERLING
This Week	Last Week	% Change	Last Year	% Change
88.60	88.95	-.3934	90.9	-2.5302

 

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Comments: The German Mark traded at more or less the price as it was trading last week. Only a slight difference was recorded till the close of the markets. The Euro also did not deviate much from the last week's price and a slight loss in its price was recorded till the close of the markets. The market sentiments thus remained in favour of the Rupee against the Euro.

RUPEE/DEUTSCHE MARK
This Week	Last Week	% Change	Last Year	% Change
28.15	28.15	0.00	28.675	-1.8308

 

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Comments: The Rupee remained strong against the Yen this week too as the currency was demanded less than normal by the business individuals. The trading turnover remained less than normal this week 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
0.467	0.474	1.4767	0.5185	-9.9324