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  27, 2003

 

 

 

 

 

COMMENTS: The Rupee traded in the negative zone against Greenback and gave up its firm trend this week. There was an increase in demand both in interbank and kerb markets which resulted in making the Rupee to shed 0.07 paisa at close to markets on Saturday. The effects of record lows against Euro and Pound in the international market hurt the Greenback here in the kerb in the starting sessions. But a slight rise in year end demand of Dollars helped it to end the last week of the year 2003 on a firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.475

57.425

.0870

58.145

-1.1522

 


COMMENTS:The Rupee continued to trade under pressure against Euro and lost further grounds this week too. Euro continued to keep Rupee under pressure amid its record highs against the US Dollar in the international market. The demand and supply of the currency remained normal here in the kerb and trading remained influenced by the international market trend. The record rise of Euro against US Dollar on the international desk showed its immediate effect here in the kerb as well and the Rupee lost 0.20 paisa at weekend.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

101.40 101.20 .1976 93.00 9.0322

 


 

 

COMMENTS: Continuos down trend in the value of national currency was seen throughout this week too against the Sterling and the national currency never found itself in a comfortable position throughout. There was a slight increase in demand of the currency from the customers as well. The Rupee lost 0.30 paisa this week amid continuos rise in the international price of Sterling. Overall, the Rupee lost grounds and ended the week showing a negative note against the Sterling.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.20 71.00 .2816 60.50 17.6859

 


COMMENTS: The Rupee lost few grounds against Yen this week 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

0.5325 0.530 .4716 0.482 10.4771