PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated February  21, 2004

 

 

 

 

 

 

COMMENTS: The US Dollar inched higher in the open markets this week and showed mild gains during trading. However, the less demand of the currency well supported by its sufficient supply helped Rupee to recover and close the current week showing a gain of 0.02 paisa as compared to last week's ending price. Although demand of the currency in the kerb remained low it was mainly the 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

57.325

57.375

-.0871

57.925

-1.0358

 


COMMENTS: The Rupee made a fine recovery against Sterling after suffering from severe pressure this week and recovered significant grounds on the desks in the end. In the first few sessions of this week, national currency fell to record lows as Pound was trading above Rs.109/- mark which was the first time in the history of currency trading of the country. As a result, there was increased selling from the customers for profit taking.

 

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.95 107.9 -.8804 91.7 16.6303

 


COMMENTS:The Euro came under pressure in the kerb this week amid its fall against US Dollar in the international market. The economists showed deep concern on Euro's rise with respect to EU economists 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.0.60 paisa till the close of market.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.0 72.9 -1.2345 62.50 15.2000

 

 

 


COMMENTS:The Rupee gained 0.02 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 0.523 paisa as compared to 0.540 paisa at last weekend. 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

0.524 0.542 -3.3210 0.487 7.5975