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  13, 2003

 

 

 

 

 

COMMENTS: The Rupee traded in the negative zone against Greenback and gave up its firm trend this week. There was an increase in demand both in Interbank and kerb markets while the recovery of Greenback on the international desks at week end also supported the currency which gained 0.20 paisa at close of markets. The effects of record lows against Euro and Pound in the international market hurt the Greenback here in the kerb in the starting sessions but soon it recovered grounds and ended week on a strong note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.425

57.225

.3494

58.30

-1.5008

 


COMMENTS:The Rupee continued to trade under tremendous pressure and lost further grounds this week as well. Euro marched towards new highs and set new levels in the history of kerb trading. Euro crossed Rs.70/- Mark this week and accumulated its gains to 0.90 paisa at close of markets. The demand and supply of the currency remained normal and trading remained influenced by the international market trend. The record rise of Euro against US Dollar on the international desks showed its immediate effect here in the kerb as well.

 

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

100.20 98.50 1.7258 93.10 7.6262

 


COMMENTS: It was the first time in the history of Pakistan currency market that the Sterling touched Rs.100/- price level. Continuos down trend in the value of national currency was seen throughout this week and there was a slight increase in demand of the currency from the customers as well. the Rupee lost 1.65 paisa this week amid continuos rise in the international price of the currency. 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

70.30 69.20 1.5895 59.65 17.8541

 


COMMENTS: The Rupee lost few grounds against Yen this week amid to gains of the currency against US Dollar in the international market. Here in the kerb, the trading was normal and no major demand of the currency was recorded. The supply of the currency also remained normal.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.530 0.529 .1890 0.480 10.4166