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1- FOREX KERB WATCH

2- STOCK PICKS

3- COT WEEKLY REVIEW
 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Aug 09, 2003

 

 

 

 

 

COMMENTS: In the open market, the sentiment remained in favour of the Rupee this week too but mild losses were also recorded due to the gains of the US Dollar in the international market. No major trading on the desks was recorded, trading turnover remained normal and the rupee closed in the week on a firm note on the desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.47

58.355

.1970

59.475

-1.6897

 


COMMENTS: The Rupee continued to show gains against the Euro amid to the continuous fall of the currency against the US dollar in the international market and thus through out the week, the rupee stood firm and enjoyed gains. However in a few sessions, euro recovered some grounds as well supported by its rise against the greenback on the international desks.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.60 93.675 -.0800 90.75 3.1404

 


 

 

COMMENTS: The Rupee continued to show gains against the Euro amid to the continuous fall of the currency against the US Dollar and Yen in the international market. However, the currency recovered some shine in the kerb but the Rupee was able to hold firm and thus ended the week on a positive note.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

65.90 65.60 .4573 - -

 


COMMENTS: The Yen showed no major gain or loss against the Pak Rupee in the first few days of the week but since yen went strong against the US dollar towards the weekend, therefore, rupee also gave up some grounds as a result. No major buying and selling of the currency was recorded and the rupee ended the week on a mix note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.485 0.484 .2066 0.4915 -1.3224