PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated May 29, 2004

 

 

 

 

 

 

COMMENTS: The rupee remained strong against the US dollar this week and managed to recover smart grounds against it. There were two major reasons for rupee gains; the supply of US $ 5 million by exchange companies as a supportive measure to control free fall of rupee against US dollar and the fall in the price of US dollar on the international desks. Rupee got the tremendous support from increased supply especially and recovered 0.63 paisa at an overall basis.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.075

58.675

-1.0225

57.80

.4757

 


COMMENTS: Pound sterling kept pressure on the major against rupee this week. The currency throughout kept pressure on the rupee and gained significant grounds in the dealings. Sterling once again crossed Rs.106/- mark on the desks and at one stage was heading toward Rs.107/- barrier. The currency was strong on the international desks and its effects were seen here in the kerb therefore.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.1 105.00 1.0476 94.70 12.0380

 


 

 

COMMENTS: Euro remained active this week in the kerb resumed its upward trend. In most sessions, euro showed gains against the rupee and took cues from its international market behavior. Since euro was strong against US dollar in the international market this week, therefore rupee traded under pressure as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.85 70.4 .6392 68.10 4.0381

 


COMMENTS: The international market trend of yen was directly followed here in the kerb as well. Yen started at a soft tone but showed a quick upward acceleration in the mid of this week. However, rupee managed to comeback and thus ended this week on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.522 0.5205 .2881 0.482 8.2987