PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Mar 29,
2003

 

 

 

 

 

 

 

 

 

COMMENTS: In the open market, the sentiments remained in favor of the Rupee this week too as the national currency showed firmness against the Greenback. The weak performance of US Dollar in the international market and low demand of the currency in the kerb due to the ongoing war supported the Rupee. An increase in the selling pressure was also seen and thus the Rupee showed firmness and closed the week on a positive note on the desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.875

57.91

-.0604

60.325

-4.0613

 


COMMENTS: Th Rupee remained firm against the Pound and firmness in the value of the national currency was seen 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

90.70 90.10 .6659 86.275 5.2894

 

 


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

62.225 61.60 1.0416 - -

 


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

0.4800 0.4775 .5235 0.454 5.7268