PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated March 06, 2004

 

 

 

 

 

 

COMMENTS: It was a mixed week for the national currency as it traded both ways against the US Dollar. The market remained closed for two days this week on account of Ashura holidays and therefore, the currency turnover remained low on the desks. The Rupee lost in the first few sessions because of the rise of Greenback in the international market which was later set off by its pull back in the same. The Rupee overall gained 0.03 paisa against the Dollar.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.525

57.475

.0869

58.00

-.8189

 


COMMENTS: The Sterling remained under pressure in the kerb this week amid its continued fall against US Dollar an the international market. During this week, the Rupee was able to recover Rs.1.15 against the Sterling and there was an increase in the supply of currency amid more selling from the customers keeping ahead the continuous fall of the currency against the Greenback in the international market. However, Sterling recovered on the last trading day and therefore, the Rupee also game under pressure and gave up significant grounds.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.30 107.35 -.9781 92.75 14.6091

 


 

 

COMMENTS: The Euro remained under pressure in the kerb this week too amid its continued fall against US Dollar in the Europe and New York markets. The investors were selling Euros this week as well which gave another supportive hand to the Greenback and thus the currency showed the same trend here in the kerb as well. The Rupee was able to recover 0.75 paisa and trading turnover remained low in the kerb. The national currency ended current week stronger.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.30 71.90 -.8344 62.65 13.8068

 


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. Yen faced tough resistance from the US Dollar this week and ended to record lows on the closing day of trading. As a result, we saw fall in its price here in the kerb as well and therefore, the Rupee was able to end current week showing fine gains here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5125 0.525 -2.3809 0.493 3.9553