PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated June 12, 2004

 

 

 

 

 

 

COMMENTS: The rupee once again took the driving seat this week and managed to recover grounds which it had lost last week. The rupee started fresh week on the overnight weak note but soon proceeded in the positive direction by first recovering some lost grounds and then adding further to the same through out. There was a decline in the demand of all currencies this week which stood as the major supporting factor to the national currency. The major buyers remained sidelines while routine buying and selling took place.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.425

58.375

.0856

57.945

.8283

 


 

 

COMMENTS
: The weak performance of euro in the international market affected the standing of the currency here in the kerb as well and the national currency as a result enjoyed gains against the same through out this week. There was no significant buying and selling of euro and exchange prices continued to fluctuate through out under the international market trend. Euro was mostly weak in the international market which was directly reflected here in the kerb dealings as well.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.5 107.2 -1.5858 96.575 10.2769

 


COMMENTS: Sterling started this week on a positive note but with its falls against the US dollar in the international market it lost the momentum here in the kerb as well and lost significant grounds afterwards. There was an increased demand of the currency here in the kerb initially but rupee soon recovered and improved its standing till the close of markets on Saturday. Sterling started at Rs. 107/15 but towards the weekend was changing hands at Rs. 106/30 with rupee showing an active gain of 0.85 paisa

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.5 71.6 -1.5363 68.575 2.8071

 

 

 


COMMENTS: A mix trend was observed in the price of yen against the rupee this week and the currency continued to behave under its international markets. With its solid performance against the greenback in the international markets, yen was able to build pressure on rupee as well here in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.526-0.531 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.53 0.523 1.3384 0.490 8.1632