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 20, 2004

 

 

 

 

 

 

COMMENTS: The US Dollar showed an upward trend in the kerb this week as well and more recovery in its price was recorded. There was an increase in demand of currency this week especially in the inter bank market which showed its effects here in the kerb as well. While the supply also fell slightly short in the mid week which increased pressure on the Rupee. Also overall, Rupee traded in the negative zone and ended the current week showing a loss of 0.09 paisa.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.745

57.645

.1734

57.91

-.2849

 


COMMENTS: The trading trend just got reverse against the Pound Sterling this week and the national currency lost significant grounds in the trading. The strong recovery of Pound Sterling against Greenback and Euro in the international markets was the main reason for this behavior of Rupee which made it to lose Rs.2.15 at close of markets on Saturday.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

105.925 103.85 1.9980 90.10 17.5638

 


 

 

COMMENTS: Rupee showed a mix trend against Euro this week too 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. The demand of currency remained low and no major transaction was recorded.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.10 70.90 .2820 61.60 15.4220

 


COMMENTS: Rupee recovered some more grounds against Yen this week and the currency 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 against in the trading sessions.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.540 0.5170 4.4487 0.4775 13.0890