. .

A


FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
May 24, 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 prevailing tension between India and Pakistan brought to major change in the price of the Rupee.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.655

60.275

.6304

64.825

-6.4712

 


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

88.10 88.60 -.5643 91.55 -3.7684

 


Comments: The German Mark traded at more or less the same price as it was trading last week. However, a little change in the price of the Euro was recorded and the Rupee dipped against the currency in some sessions this week. However, the Rupee ended the week firmly against these currencies.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

28.35 28.15 .7104 28.35 0.00

 


Comments: The Yen showed gains against the Rupee this week after so many weeks of silence. Yen in some of the sessions gave tough competition to the national currency mainly due to its gains against the US Dollar in the international market and thus gaining the confidence of the investors here in the kerb as well. The Rupee therefore lost mere grounds against Yen this week here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4805 0.467 2.8907 0.5335 -9.9343