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  01, 2003

 

 

 

 

 

COMMENTS:The Rupee remained strong against the US Dollar this week and gains were recorded in its price throughout. There was strong demand of Rupee this week due to Ramazan and the individuals disposed off their held Dollars to meet their monetary requirements. The Rupee gained 0.18 paisa against greenback this week. Although, there was mere rise in the price of Dollar due to its gains in the international market on Wednesday, but overall the national currency ended the week showing a positive note against the Dollar here in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.405

57.525

-.2086

58.92

-2.5712

 


COMMENTS: The Rupee remained in a positive zone against Sterling this week and despite of continuous gains of the currency against the US Dollar in the international market, the Rupee showed 0.25 paisa gain in its price at the end of this week. The individuals were selling Sterling for profit taking which increased its supply in the market and therefore the Rupee was able to end the current week on a positive note against Sterling here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

97.20 97.125 .0772 92.10 5.5374

 

 


COMMENTS: The Rupee dominated over Euro this week showing a smart recovery of Rs.1/25 till close of market as compared to last week. The loss in the price of Euro against US Dollar on the international desks and increase in supply of the same here in the kerb firmly supported the national currency which ended the current week on a strong note. The demand of Euro was lower than its supply throughout this week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

66.70 67.475 -1.14857 - -

 


COMMENTS: Yen remained firm and mild changes in its price were recorded which were the effects of its price changes in the international market against the US Dollar. The Rupee was mostly firm and showed gains especially towards the week end and therefore ended the week on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.521 0.5245 -.6673 0.4795 8.6548