PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Sep 14,
2002

 

 

Comments: In the open market, the Pak Rupee stood firm against the Green back throughout the week and no major change in its price was recorded on the desks. There was no major activity in the market that supported the rupee to maintain the stable trend that it is holding for the last three weeks. In most of the sessions, the demand for the green back remained normal.
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.15

59.125

.0422

67.075

-11.8151

 


Comments: The trading trend between the Rupee and the Pound remained on a normal note and the national currency showed routine changes in its price against the pound here in the kerb. The rupee in most of the sessions remained firm and a major gain of Rs. 0.70 in its price was recorded on the desks. The rupee thus ended the week showing strong footing.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.80 92.20 -.4338 97.5 -5.8461

 


Comments: The German Mark traded at more or less the price as it was trading last week. Only a slight difference was recorded till the close of the markets. The Euro also did not deviate much from the last weeks price and a slight loss in its price was recorded till the close of the markets. The market sentiments thus remained in favour of the rupee.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.10 29.55 -1.5228 31.375 -7.2509

 


Comments: The Rupee remained strong against the Yen this week too as the currency was demanded less than normal by the business individuals. The trading turnover remained less than normal this week and thus the rupee maintained its stability in its price against yen at the end for the week here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4845 0.4955 -2.2199 0.566 -14.3992