PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Jan 25,
2002

 

 

 

 

 

COMMENTS
: In the open market, the Pak Rupee stood firm against the Greenback in most sessions of the week. However, the rupee gave up some grounds in the later stages due to a rise in the demand of the greenback and positive change in its price in the international market also supported the currency on the desks. As a result, the rupee lost the firm note that it was showing in the last couple of days.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.105

58.075

0.0516

60.775

-4.3932

 


COMMENTS: The trading trend between the Rupee and the Pound remained on a high note and major fluctuation in the value of the currencies according to the market conditions were witnessed here in the kerb. The rupee lost substantial grounds due to the international market gains and the rupee found it very difficult to resist the gains on the desks.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

94.85 93.70 1.2273 86.20 10.0348

 


COMMENTS: The Euro gave tough competition to the Rupee this week too and touched record highs on the desks. It was for the very first time that the euro crossed Rs. 63/- barrier on the desks. The trading continued to remain influenced by its international market trend but in the kerb too, more buying was witnessed. Due to a possible attack on Iraq, individuals continued to show more interest in buying euro than the green. The rupee lost significant rounds against the currency at the end of the week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

62.85 61.875 1.5757 - -

 

 

 


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. There was no major demand from the buyers, which supported the rupee to stand firm for yet another week. The rupee thus ended the week on a positive note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4915 0.490 0.3061 0.45 9.2222