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FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on 
July 06, 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 on 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

60.175

60.175

0.00

67.025

-10.2214

 


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

91.60 92.35 -.8121 94.0 -2.5531

 


Comments: The Rupee showed firm note against the German Mark this week and 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 as compared to last two weeks.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.80 30.45 -2.1346 28.925 3.0250

 


Comments: The Rupee remained firm against the Yen this week 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

0.498 0.5035 -1.0923 0.5285 -5.7710