PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Sep 28,
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 many weeks.
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RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.075

59.145

-.1183

66.05

-10.5601

 


Comments: The trading trend between the Rupee and the Pound remained on a normal note and slight fluctuation in the values of the currencies according to the market conditions were witnessed here in the kerb. The Rupee in most of the sessions remained firm and major loss in its price was not recorded on the desks. The Rupee overall ended the week with a positive note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

92.25 91.75 .5450 97.50 -5.3846

 


Comments: The German Mark traded at more or less the same price as it was trading last week. However, continuous change in the price of the Euro was recorded and the Rupee moved both ways against the currency on the desks. The Rupee lost grounds in the opening sessions of the week but was able to recover the same towards the end.

RUPEE/DEUTSCHE MARK

This Week

Last Week

% Change

Last Year

% Change

29.40 29.925 -1.7543 31.30 -6.0702

 


Comments: The Rupee remained firm against the Yen this week and much change in its price at the end of the market was not recorded here in the kerb. The Dollar continued to rise against the Yen creeping higher on good corporate earnings and economic numbers from the United States coupled with a rebound in the New York stock market.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.48 0.476 .8403 0.547 -12.2486