PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Apr 10, 2004

 

 

 

 

 

 

COMMENTS: In the open market, Rupee remained firm and did not show any major change in its price against the greenback at the end of this week. The Rupee started off at a firm not but gradually lost grounds due to the rise of US Dollar in the international market. At one stage, the green was being traded at Rs.57.74 which stood as its highest trading price this week. But eventually, the national currency came back and recovered grounds at close of markets.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.625

57.795

-.2941

57.895

-.4663

 


COMMENTS: Sterling kept its pressure on the Rupee and showed more gains in its price. This week's meeting of Bank of England was the main factor behind the rise of Sterling in the international market and ultimately here in the kerb. The investors with an expectation of seeing a change in the interest rates went for investing in the currency which accelerated its price level.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

105.60 105.70 -.0946 90.60 16.5562

 


 

 

COMMENTS: The Rupee showed a mix trend against the Euro this week as well. The national currency showed both rise and fall in its price. Initially, Rupee was firm but lost mild grounds in the mid of this week. However, the detoriating conditions in Iraq, BOE decision to leave its interest rates unchanged kept pressure on Euro.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

69.80 70.40 -.8522 62.40 11.8589

 


COMMENTS: In the open market, Rupee lost grounds against Yen amid its rise against the US Dollar in the international market. The currency started on a positive note and gradually kept on showing gains in the currency standings. Yen went to as high as 0.547 while at close it was being traded at 0.539. Rupee remained under stress against Yen and thus ended the currency week on a negative note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

.538 .550 -2.1818 0.480 12.0833