PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated January  17, 2004

 

 

 

 

 

 

COMMENTS: The US Dollar inches higher in the open markets this week and showed a gain of 0.05 paisa as compared to last week sending price. Although demand of the currency in the kerb remained low was mainly due to recovery of currency on the international desks which showed its impact here in the kerb as well.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.575

57.525

.0869

58.075

-.8609

 


COMMENTS:The Rupee made a smart recovery against Sterling this week and recovered significant grounds on the desks. It was the first week in the last two months that Rupee ended positively against sterling. There was increased selling from the customers for profit-taking. A total loss of Rs.2.55 was recorded in the price of Rupee this week and national currency ended very strongly on the desks

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

103.50 105.6 -1.9886 93.70 10.4589

 


COMMENTS: The Euro came under pressure in the kerb this week amid its fall against US Dollar in the international market. The ECB officials and economists showed deep concern on Euro's rise with respect to EU economies and exports which urged investors to sell off and book their profits this week. This trend was immediately followed in the kerb and the national currency recovered Rs.1.90

 

 

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.40 73.3 -2.5920 61.875 15.3936

 


COMMENTS: The Rupee gained 0.01 paisa against Yen this week amid to loss in the price of currency against US Dollar in the international market after BOJ intervened in the last few sessions to support the Greenback. Yen was being traded at 0.536 paisa as compared to 0.537 paisa at last weekend. The trading was normal and no major demand of the currency was recorded.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.535 0.534 .1872 0.490 9.1836