PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

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

 

 

 

 

 

COMMENTS:The Greenback gained 0.03 paisa against the Pak Rupee this week. The slight increase in the demand of dollars in the mid of this week put some pressure on the Rupee and the national currency lost grounds as a result. Due to arrival of Eid, customers booked their positions and purchased the currency to meet their immediate requirements after Eid. However, the Rupee made a swift recovery towards the week end supported by sufficient supply of the Greenback and thus ended the week on a firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.225

57.205

.0349

58.27

-1.7933

 


COMMENTS: The Rupee continued to trade under pressure and shed heavy grounds against the currency this week as well. Euro marched towards record highs and crossed Rs.68/- barrier on Wednesday amid its massive gains against the US Dollar in the international market. The demand of Euro here in the kerb remained low while the customers mostly sold their held currencies to get Rupees in return for meeting their requirement on account of arrival of Eid. The trading between Euro and Rupee was mostly influenced by the international market trend.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

96.90 96.325 .5969 92.12 5.1888

 


COMMENTS: The Rupee lost against the Sterling this week too and continuous down trend in the value of the national currency was seen throughout. The Rupee lost 0.65 paisa this week amid to continuous rise in the international price of the currency. The demand of currency was not very high and remained under control. Overall, the Rupee lost grounds and ended the week showing a negative note against the Sterling.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

67.725 67.25 .7063 58.20 16.3659

 

 

 


COMMENTS:Yen remained firm and mild changes in its price were recorded which were the effects of its price changes in the international market against the US Dollar. The Rupee was mostly firm and showed gains especially towards the week end and therefore ended the week on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.521 0.526 -.9505 0.472 10.3813