PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated September  27, 2003

 

 

 

 

 

COMMENTS: In the open market this week, the Rupee remained strong and traded on a positive note against the US Dollar. The Rupee proceeded the week on firm note and demonstrated firmness on the desks. The demand of the currency was less than normal while it's supply was sufficient enough to meet the requirements with ease. No major change in the price was recorded and the Rupee ended the week on a firm note in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.025

58.025

0.00

59.075

-1.7774

 


COMMENTS: The Sterling showed record gains against the Pak Rupee this week amid to smart gains of the currency on the international desks. In most sessions of the week, Sterling posted massive gains against the Rupee supported by its continuous gains against the US Dollar. However, some resistance from the national currency was also seen towards the weekend when increase in selling supported the Rupee on the desks.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

95.65 94.40 1.3241 92.25 3.6856

 


 

 

COMMENTS: Rupee remained under pressure against Euro and shed heavy grounds at the close of markets this week. Euro was strong gainst the national currency and posted significant highs on the desks. The demand of Euro was also on an up here in the kerb while the changes taking place on the international desks was the main reason for the fluctuation of Euro here in the local markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

66.175 65.65 .7996 - -

 


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

0.5165 0.5025 2.7860 0.48 7.6041