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  29, 2004

 

 

 

 

 

 

COMMENTS: The US Dollar inched higher in the open markets this week too and added more to its gains against the Rupee. The currency started at Rs.57.30 and was changing hands at Rs.57.48 at close of markets on Saturday. There was a slight increase in the demand of currency especially in the interbank market this week while the main reason for this rapid advance was its recovery in the international market against Euro and Pound Sterling.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.475

57.325

-.0871

58.55

-1.8360

 


COMMENTS: The Rupee gave up its recovery phase against the Pound Sterling which it was showing last week. Although the Rupee traded in the positive zone on first two days of this week but later on, resumed its down trend. The Rupee ended the current week's trading at Rs.107.40 as compared to Rs.106.75 last week thus showing a loss of 0.65 paisa. The trading mainly remained under international market trend while here in the kerb, more selling was recorded.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.35 106.95 .3740 91.8 16.9389

 


 

 

COMMENTS: The Euro remained under pressure in the kerb this week too amid its continued fall against US Dollar in the international market. The investors were selling Euros this week which gave a supportive hand to the Greenback and thus the currency showed the same trend here in the kerb as well. During this week, the Rupee was able to recover 0.30 paisa and trading turnover remained low in the market.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.90 72.0 -.1388 62.60 14.8562

 


COMMENTS: The Rupee gained some more grounds 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. The trading was normal and no major demand of the currency was recorded. The supply of the currency also remained normal and thus the national currency ended the week on a positive note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.525 0.524 .1908 0.4915 6.8158