PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Aug 31,
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 on the desks throughout this week. The national currency met the existing demand of the currency with quite ease in most of the sessions while on the other hand, the demand force also remained less than normal.
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.065

59.505

-.7394

67.025

-11.8761

 


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. In a few sessions however, the pound also recovered some grounds but they remained within submissive holds the rupee was able to end the week trading on a firm note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.60 90.60 -1.1037 97.3 -5.8581

 


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 Euro in the international market since remained strong so it depressed the national currency in the kerb as well. But in the closing sessions the rupee was able to recover and maintained a stable trend till the close of the markets.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.50 29.275 .7685 31.15 -5.2969

 


Comments: The Rupee remained firm against the Yen this week too and much change in its price at the end of the market was not recorded here in the kerb. The demand and the supply of the currency was normal and thus no major change in the prices were recorded.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4955 0.4945 .2022 0.5575 -11.1210