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  24, 2004

 

 

 

 

 

 

COMMENTS: The Rupee showed active gains against the US Dollar this week especially on Friday and Saturday. The Rupee started this week on Rs.57.53 and gained 0.17 paisa ending week's trading on Rs.57.37 on Saturday. The fall of Greenback in the international market at close with no major activity in the currency here in the kerb supported the Rupee to gain significant grounds at the end of this week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.525

57.575

.0869

58.105

-.0868

 


COMMENTS: The national currency once again remained under tremendous pressure against Sterling throughout this week as well. In the initial sessions of this week, Sterling crossed Rs.105.50 barrier amid continuous rise of its international market price. However, Rupee made a fine come back and recovered some grounds towards the end of this week and reduced its loss value.

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

104.60 103.50 1.0628 94.85 10.2793

 


COMMENTS: Euro remained as one of the major gainers against the national currency this week as well and Rupee lost 0.95 paisa at close of markets on Saturday. There was an increased trading activity in the currency this week while on the other hand, the continued upward rally in the international market gave not chance to the Rupee to come up.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.10 71.40 .9803 62.85 14.7175

 

 

 


COMMENTS: There was no major change in the price of Yen against the national currency this week as well and absence of any major demand from the corporate sector and individuals provided firm support to the national currency to end this week on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.535 0.535 0.00 0.4915 8.8504