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1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Feb 01,
2002

 

 

 

 

 

COMMENTS
: In the open market, the Pak Rupee stood firm against the Greenback in most sessions of the week. Positive sentiments for the Rupee in the market were recorded on the desks. The Rupee since the start of this week, showed no major change in its price. The demand of the Greenback remained low and the Rupee ended the week showing a firm note here in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.995

58.105

-.1893

60.225

-3.7027

 


COMMENTS: Pound Sterling this week showed record highs against the Rupee and crossed Rs.96/- barrier for the first time the trading trend between the Rupee and Pound remained on a high note and the sterling showed hiked due to major gains in its price in the international market. The Rupee as a result lost significant against the Pound this week here in the kerb.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

95.70 94.85 .8962 85.975 11.3114

 


 

 

COMMENTS
: The Rupee in the kerb this week showed significant recovery in its price and demonstrated active gains in its price through out the week. The Rupee started to gain since the start of this week due to the weakness of Euro in the international market and prolonged with the same through out.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

62.90 62.85 .0799 - -

 


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

0.4825 0.4915 1.8311 0.4515 6.8660