PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated October 25, 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 this week on a strong note and demonstrated firmness on the desks. The demand of the greenback was short which was well supported by its supply. There was selling pressure in the market and therefore the national currency gained for both buying and selling.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.525

57.825

-.5188

58.97

-2.4503

 


COMMENTS: The Rupee showed negative drift against the Sterling this week amid record highs of Sterling on the international desks and less than normal activity in the kerb. In most sessions of the week, the Sterling posted gains against the Rupee while some resistance from the national currency was also seen on the desks due to more supply than its demand.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

97.125 95.65 .4916 91.80 5.8006

 

 

 


COMMENTS: Euro touched Rs.68/- barrier for the first time in the history of kerb trading and remained strong in most sessions of this week. The Rupee although recovered some grounds in the mid of the week but the dents given by Euro earlier made it difficult for the Rupee to resist firmly against the currency at the close of markets. The changes taking place in the price of Euro on the international desks continued to put pressure on Rupee. However, an increase in supply through selling from the customers supported the Rupee upto some extent.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

67.475 67.275 .2972 - -

 


COMMENTS: No major change was seen in the parity between Rupee and Yen and the week prolonged smoothly in the kerb. The trading was normal and no major demand of the currency was recorded on the desks while the supply of Yen was also normal, which helped the Rupee to end the week on a firm note.

 

 

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5245 0.5245 00 0.47 11.5957