Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Feb
16, 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 except on Thursday when the market behaved positively
after the meeting of President Musharraf with President Bush and thus
faced slight dips in its price on the particular day but in the
closing days the Rupee recovered back the grounds.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
59.775
|
59.925
|
-.2503
|
62.225
|
-3.9373
|
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 meet easily by the existing supply in the market. The launch of
Euro and gains of the US Dollar in the international market subdued
the Sterling and thus the currency remained bleak giving the Rupee a
better chance to show firmness.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 86.60 |
85.70 |
1.0501 |
90.2 |
-3.9911 |
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 fall of Euro in the international
market against the US Dollar and less than expected performance of
the currency on the trading desks showed its impact in the kerb as
well and thus the Rupee ended the week showing a gain in its price.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 26.95 |
26.975
|
-.0926 |
29.475 |
-8.5665 |
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 Dollar
continued to rise against the Yen creeping higher on good corporate
earnings and economic numbers from the United Sates coupled with a
rebound in the New York stock market.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| 0.4540 |
0.448 |
1.3392 |
.5285 |
-14.0964 |
