PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  April 26,
2003

 

 

 

 

 

COMMENTS: In the open market, the sentiment remained in favour of the rupee this week too as the national currency showed firmness against the greenback, no major trading in the market was recorded 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

57.945

57.945

00

60.325

-3.9452

 


COMMENTS: The 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 ongoing 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

91.775 90.80 1.0737 88.20 4.0532

 

 


COMMENTS: Against the euro as well, the rupee stood firm except the routine rise and falls in its price. Euro remained strong in the international market and its effect was also seen here in the kerb. The rise 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

63.50 62.85 1.0342 - -

 


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

0.478 0.481 -.6237 0.4705 1.5940