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1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 18,
2002

 

 

 

 

 

 

COMMENTS
: In the open market, the Pak Rupee stood firm against the Green back throughout the week and positive change in its price was recorded on the desks. The Rupee since the start of this week showed active gains on the desks. The national currency showed a gain of 0.10 paisa as compared to last week trading score and the less than normal demand and supply conditions supported by weak performance of the US Dollar.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.075

58.075

0.00

60.775

-4.4426

 


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. Due to the international market gains, Pound moved both ways but the Rupee resisted well and was able to recover some grounds on the desks towards the end of the week.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.70 93.50 .2139 86.20 8.7006

 


COMMENTS: The Euro gave tough competition to the Rupee this week too. The trading remained influenced by its international market trend. The Euro remained strong in the international market and showed its impact in the kerb this week too. The Rupee lost significant grounds against the currency.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

61.875 61.30 .93800 - -

 


 

 

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 here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.490 0.4855 0.9268 0.45 8.8888