PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

3- COT WEEKLY REVIEW
 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated June 28, 2003

 

 

 

 

 

COMMENTS: In the open market, mostly the sentiments remained in favor of the Rupee this week too but mild losses were also recorded due to the gains of the US Dollar in the international market after lower than expected rate cut by Fed this Wednesday. No major trading in the market was recorded and the Rupee closed the week on a mix note on the desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.925

57.925

00

60.175

-3.7390

 


COMMENTS: The Rupee lost against the Pound this week and down trend in the value of the national currency was seen throughout. The record gains of sterling in the international market against the US Dollar and Euro kept the Rupee under pressure and Rupee lost significant grounds and ended the week showing a negative note here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

95.425 96.50 -1.1139 92.35 3.3297

 

 


COMMENTS: Against the Euro, the Rupee showed a mix trend this week too. Both ups and downs in the price of the Rupee were recorded due to the continuous fluctuation of Euro in the international market. However, the Rupee, most of the time kept Euro under pressure and recovered grounds that it had lost in the last two weeks. Overall, the Rupee ended the week on a mix note here in the kerb.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

66.275 67.575 -1.8511 - -

 


COMMENTS: The Yen showed no major gain or loss against the Pak Rupee in the trading this week besides the normal changes in its price due to the international market movements. The Yen this week showed gains against the US Dollar but no major buying and selling of the currency was recorded here in the local markets.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4805 0.4865 -1.2332 0.5035 -4.5680