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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
June 15, 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 in the sessions as the national currency met the existing demand of the Green back 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

60.305

60.575

-.4457

66.35

-9.1107

 


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.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

89.14 88.175 1.0944 92.1 -3.2138

 


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 Rupee also showed improvement against the Euro this week as no major fall in its price was recorded.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.05 29.05 0.00 26.875 8.0930

 


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

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4835 0.482 .3112 0.5345 -9.5416