Saturday, 30 March 2002 16:30
In the open market, the Pak Rupee dominated the trading sessions this week as the national currency gained significant grounds against the Green back on the desks. The Rupee gained 0.20 paisa against the Green on the desks as the national currency met the existing demand of the currency with quite ease.
The Rupee in the open market remained strong against the Pound this week too and in most of the sessions, gained grounds against the currency. The demand of the Pound came in normal volumes fair enough to be met easily by the existing supply in the market.
The Rupee showed strength against the German Mark this week too and thus continued with the firm footing that it has been showing for the last couple of days. The fall of Euro in the international market against the US Dollar showed its impact in the kerb as well and thus the Rupee ended the week showing a gain in its price.
The Rupee remained firm against the Yen this week and much change in its price at the end of the market was not recorded here in the kerb. The Dollar continued to rise against the Yen creeping higher on good corporate earnings and economic numbers from the United States coupled with a rebound in the New York stock market.
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