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  08, 2003

 

 

 

 

 

COMMENTS:The Dollar remained strong and traded on a positive note against the Rupee amid fine recovery of the currency against Pound, Euro and Yen in the international market this week. The Dollar prolonged the week on a firm note and demonstrated an uplift of 0.17 paisa at close of markets on Saturday. The demand of currency was well supported by its supply and it was mainly the rise in the international market price of Greenback which affected kerb currency standings as well.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.475

57.405

.1219

58.92

-2.4524

 


COMMENTS: The Rupee showed smart gains against the Sterling this week amid to continuous fluctuation of the currency on the international desks and less than normal activity here in the kerb. In most sessions of the week, the Rupee posted gains accumulating to 0.95 paisa at close. However, some resistance from the Sterling was also seen on the desks towards the end of this week.

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

96.20 97.20 -1.02880 92.10 4.4516

 

 


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 a recovery of 0.45 paisa when compared with last week's ending score. The demand of Euro was low here in the kerb while the changes taking place in the price of Euro on the international desks was the main reason for its fluctuation here in the local markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

66.20 66.70 -.7496 - -

 


COMMENTS: The Rupee lost 0.03 paisa against Yen this week. The trading was normal against the currency and no major demand of the currency was recorded. The supply of Yen also remained normal. It was the international trading trend which gave Yen and edge over the Rupee at close of markets her in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.524 0.521 .5758 0.4795 9.2805