PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Mar 08,
2003

 

 

 

 

 

COMMENTS: The Rupee remained firm against the US Dollar this week and showed no major rise and fall throughout the week. The demand of the currency remained bleak while the easy supply of the Greenback made it possible for the Rupee to cover up the existing one. The Rupee closed at Rs.58.00 for buying and Rs.58.05 for selling respectively.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.00

58.55

-.9393

60.575

-4.2509

 


COMMENTS: The Rupee showed a mix trend against the Pound this week. The Rupee and Pound remained firm against each other and throughout the week, significant rise and fall was not recorded except the routine fluctuations. The international market fluctuations also affected the Rupee upto some extent against the Sterling. The demand of the currency was normal and much rise was not recorded which was met easily with the available supply in the market.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

92.75 91.80 1.0348 86.20 7.5986

 

 


COMMENTS: In the kerb, no major change in the price of Euro was recorded this week too 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 against the currency. The demand and supply of Euro remained normal which supported through out the week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

62.65 62.60 .0798 - -

 


COMMENTS: In the open market no major change in the price of the Rupee against Yen was record throughout the week. The currency stood motionless in most of the sessions for the reason that no big demand came in the market due to slow trading activities from the buyers. On the other hand, the weakness of Yen in the international market against its major rivals also supported the Rupee at its place and thus the national currency ended yet another week with a firm note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.493 0.4915 .3051 0.4685 5.2294