PAGE DATABASE

 

FOREX KERB WATCH

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Oct 26,
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

58.97

58.97

-

61.70

-4.4246

 


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

91.80 91.40 -.4376 88.70 3.4949

 


COMMENTS: The Euro traded at more or less the same price as it was trading last week. However, mild ups and downs were observed 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. The gains of the euro remained under submissive holds and the rupee ended the week firmly.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

57.70 57.75 -.0865 - -

 


COMMENTS: The Rupee remained firm against Yen this week too and much change in its price at the end of the week was not recorded here in the kerb. There was no major demand from the buyers, which supported the rupee to stand firm for yet another week and thus the rupee ended the week on a positive note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.47 0.468 0.4273 0.503 -6.5606