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 17, 2004

 

 

 

 

 

 

COMMENTS: This week, the Rupee lost 0.12 paisa and greenback touched Rs.57.72 as its highest mark. The greenback got good support from economic figures but geopolitical situation especially the rising death toll in Iraq weighed heavily on the currency and the investors remained cautious on making any major move this week as well. Overall, the Rupee showed a mix trend.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.775

57.625

.2603

57.945

-.2933

 


COMMENTS: The biggest movement in the kerb this week was seen between the exchange prices of Sterling and Rupee. The national currency which has been under pressure against Sterling for last three months came back smartly this week and Sterling fell to three months lows touching Rs.103 mark for the first time since last January.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

104.00 105.60 -1.5151 90.80 14.5374

 


COMMENTS: The Rupee showed a mix trend against the Euro this week as well, the national currency showed both rise and fall in its prices. Initially, Rupee was firm but lost mild grounds in the mid of this week. However, the downward trend in the price of Euro in the international market kept the currency low here in the kerb as well and as a result, Euro mostly traded within the range of Rs.69.25 and Rs.69.85. Therefore, Rupee ended this week showing a gain of 0.45 paisa.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

69.40 69.80 1.4244 62.85 10.4216

 


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 0.542 while at close it was being traded at 0.533. 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

0.534 0.538 -.7434 0.481 11.0187