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 27, 2004

 

 

 

 

 

 

COMMENTS: In the open market, the Rupee did not show any major change in its price with respect to last weeks trading score as the market comparatively remained static and major activity therefore was recorded throughout. The Rupee throughout the week traded at Rs.57.74, showing a loss of just 0.01 paisa as compared to last week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.745

57.745

0.00

57.875

-.2246

 


COMMENTS: The Rupee showed a mix trend against the Euro this week. In the initial stages, the Rupee stood firm and demonstrated gains in its price. However, towards the end of the week the Rupee gave up some grounds as well. The Rupee ended the week showing a gain of 0.65 against Euro and was set to show more gains for the week to come.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

105.00 105.925 -.8732 90.70 15.7662

 

 

 


COMMENTS: The Rupee remained strong against the Pound Sterling this week and major change was recorded in its price. The downward trend of Euro hurt the Sterling as well as the investors feared that as ECB, BOE may also re-access its economy very soon. On the other hand, serious concerns came forward this week on the continuous appreciation of Sterling against the US Dollar which hurt the value of currency as well. As a result, Rupee also showed active gains against the currency.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.60 71.10 -.7032 62.225 13.4592

 

 

 


COMMENTS: In the open market no major change in the price of the Rupee against Yen was recorded throughout the week. The currency stood motionless in most of the sessions for the reason that no big demand came in the market due to slow trading activities from the buyers. On the other hand, the weakness of Yen in the international market against its major rivals also supported the Rupee at its place and thus the national currency ended yet another week with a firm note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.544 0.540 .7407 0.480 13.3333