PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

3- COT WEEKLY REVIEW
 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Aug 16, 2003

 

 

 

 

 

COMMENTS: In the open market this week, the Rupee remained strong and traded on a positive note against the US Dollar. The Rupee prolonged the week on a firm note and demonstrated firmness on the desks. The demand of the currency was well supported by its supply and a normal trading trend was witnessed and the national currency gained for both buying and selling.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.175

58.47

-.5045

59.455

-2.1528

 


COMMENTS: The Rupee showed gains against the Sterling this week amid continuous fluctuation of the currency on the international desks and less than normal activity in the kerb. In most sessions of the week, the Rupee posted gains against the Sterling while some resistance from the currency was also seen on the desks.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

93.475 93.60 -.1335 91.71 1.9245

 


 

 

COMMENTS: The Rupee continued to show a mix trend against the Euro and moved both ways on the desks. But mostly, the Rupee was strong against the currency and posted sound recovery. The demand of Euro was normal here in the kerb while the changes taking place in the price of the currency on the international desks was the main reason for the fluctuation here in the local markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

65.30 65.90 -.9104 - -

 


COMMENTS: The Rupee lost few grounds against Yen this week amid 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

0.485 0.485 00 0.5025 -3.4825