PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Sep 21,
2002

 

 

Comments: In the open market, the trading drift between Rupee and the US Dollar was not much dissimilar from the last week and no major change was recorded in the value of the Rupee this week too. The market showed normal momentum and routine buying and selling of the Greenback was seen on the desks. However, in some sessions, a slight fall in the value of the Rupee was recorded.

 

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.145

59.15

-.0169

67.325

-12.1500

 


Comments: The Rupee remained firm against the Pound and no major change in the value of the national currency was recorded throughout the week. The trading trend remained normal and no active participation of the buyers and sellers in the market kept the turnover of the currency at a normal ebb and no significant change in the value of the two currencies was recorded till the end of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.75 91.80 -.0544 98.00 -6.3775

 


Comments: The Rupee this week although remained firm against the Mark. The week started with a positive note and continued with the same trend throughout the week. Against the Euro as well, the Rupee stood firm except the routine rise and falls in its price. The fall in the value of the Rupee remained under control and the week ended giving the Rupee a firm position.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.925 29.10 2.8350 31.50 -5.00

 


Comments: The Yen showed no major gain or loss against the Pak Rupee in the trading this week too and thus remained unchanged for the third consecutive week here in the kerb. The trading price more or less remained the same throughout the week except the routine ups and downs that are a part of the routine trading trend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.476 0.4845 -1.7543 0.569 -16.3444