PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 10,
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 0.20 Paisa against the Green back on the desks as the national currency met the existing demand of the currency with quite ease while on the other hand, the demand force also remained at normal ebb. Rupee due to strong support from the market stood firm.

 

 

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.475

59.475

0.00

67.025

-11.2644

 


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 Rupee showed smart gains against the currency in most sessions of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.75 93 -.8528 95 -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 fall of Euro in the international market to record levels this week due to weak economic data released from Germany kept the Euro under pressure against the US Dollar.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.35 30 -2.1666 30.8 -4.7077

 


Comments: The Rupee remained firm against the Yen this week as well and much change in its price at the end of the market was not recorded here in the kerb. Yen showed gains against the US Dollar this week and in most of the sessions got investors attention as its demand remained high. In the kerb however, low demand from the buyers supported the Rupee on the desks and the Rupee finally closed trading on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4915 0.497 -1.1066 0.544 -9.6507