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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 12, 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.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.95

61.15

-.3270

61.25

-.4897

 


Comments: The trading trend between the Rupee and the Pound remained on a normal note and slight fluctuation in the values of the currencies according to the market conditions were witnessed here in the kerb. The Rupee in most of the sessions remained firm and major loss in its price was not recorded on the desks.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

87.90 88.10 -2270 90.85 -3.2471

 


Comments: As it was expected, the introduction of Euro currency physically in the market has not made any major change in the trading trend of the linked currencies this week too. The German Mark traded at more or less the price as it was trading last week.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

27.70 27.95 -8944 29.90 -7.3578

 


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

.458 .462 -.8658 .5165 -11.3262