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 12, 2004

 

 

 

 

 

 

COMMENTS: The US Dollar showed in upward trend an the kerb this week. The currency was able to post gains in the sessions amid its recovery against Euro and Pound Sterling in the international market. The demand of Dollars here in the kerb was not high and turnover remained lower. The supply remained normal in the market and therefore, the rupee mainly lost because of increase in price of US Dollars.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.645

57.525

.2086

57.925

-.4833

 


COMMENTS: Rupee remained strong against Pound Sterling this week and was able to recover significant grounds. The Rupee enjoyed gains in most sessions and Sterling took a reverse gear therefore. It was mainly because of fall in the price of Sterling in the international market especially after the release of data showing larger than expected trade deficit.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

103.85 106.30 -2.3047 91.3 13.7458

 


COMMENTS: Rupee showed a mix trend against Euro this week. The currency moved both ways and both rise and falls in its price were recorded. Mainly the international market trend was being followed and therefore, Euro kept reacting towards its international market price changes here in the kerb as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.90 71.30 -.5610 62.00 14.3548

 


 

 

COMMENTS: Rupee recovered more grounds against Yen this week too. Yen was lower in most sessions against the US Dollar and the same trend was followed here in the kerb dealings as well. The currency did not show any major demand and therefore, the Rupee was able to stand firm in the trading sessions.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5170 0.5125 .8780 0.486 6.3786