PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Mar 22,
2003

 

 

 

 

 

COMMENTS
: In the open market, the trading drift strongly remained in favor of the Rupee as the national currency showed more gains against the Green back. The start of war with Iraq and weak performance of US Dollar in the international market supported the Rupee in the kerb. An increase in the selling pressure was also seen and thus the Rupee showed active gains and closed the week on a positive note on the desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.91

57.925

-.0258

60.525

-4.3205

 


COMMENTS: The Rupee remained strong against the Pound and significant gains in the value of the national currency were recorded throughout the week. The trading trend remained normal but due to the war with Iraq and low profile of the currency in the international market, the Rupee ended the week strongly here in the kerb.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.10 91.3 -1.3143 86.775 3.8317

 


COMMENTS: Against the Euro as well, the Rupee stood firm except the routine rise and falls in its price. Euro also remained dim in the international market and its effect was also seen here in the kerb. The fall in the value of the Euro, however, remained under control and the week ended giving the Rupee a firm position against Euro on the desks.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

61.60 62 -.6451 - -

 


 

 

COMMENTS
: The Yen showed no major gain or loss against the Pak Rupee in the trading this week too and thus remained unchanged here in the kerb. The trading price more or less remained the same throughout the week except the routine ups and downs that are a part of the routine trading trend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4775 0.486 -1.7489 0.457 4.4857