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  15, 2003

 

 

 

 

 

COMMENTS:The Rupee enjoyed massive gains against the US Dollar here in the kerb this week. The Rupee showed a gain of 0.35 paisa recording its highest week highs in the last few months. The fall in demand of dollars due to Eid, increase in demand of Rupee, increase in overseas remittances, fall in the interbank price of the Greenback and release of IMF tranche on Thursday were the main factors which supported the Rupee to end current week on a strong note against the US Dollar here in the market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.205

57.475

-.4697

58.92

-2.9107

 


COMMENTS: The Rupee remained under pressure against the Euro and was not able to maintain its firm footing which it showed last week. The Rupee lost Rs.1.05 paisa in the dealings and remained under pressure throughout. Euro gained momentum in the last three days of current week on account of its gains against the US Dollar in the international market. The demand of the currency remained normal in the kerb while there was an increase in supply of the same.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

96.325 96.20 .1299 92.10 4.5874

 


COMMENTS: The Rupee remained in a positive zone against Sterling this week and despite of swift gains of the currency against the US Dollar in the international market, the Rupee showed a mere loss of 0.05 paisa 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/EURO

This Week

Last Week

% Change

Last Year

% Change

67.25 66.20 1.5861 58.65 14.6632

 

 

 


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 firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.526 0.524 .3816 0.4795 9.6976