PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 03,
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

59.475

59.705

-.3852

67.075

-11.3306

 


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. The gains of the US Dollar in the international market subdued the Sterling and thus the currency remained bleak giving the Rupee a better chance.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93 93.80 -.8528 95.3 -2.4134

 


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. Thus the Rupee ended the week showing a gain in its price against the Mark.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

30 30.35 -1.1532 30.075 -.2493

 


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

0.497 0.5035 -1.2909 0.537 -7.4487