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 19, 2004

 

 

 

 

 

 

COMMENTS: In the open market this week, a mix trend was observed and rupee lost initially but later recovered the same towards the weekend. 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 too which stood as the major supporting factor to the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.425

58.425

0.00

57.925

.8631

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded this week as well. The currency standings were mainly affected by the continuous rise of sterling against the US dollar in the international market and thus, its direct effects were recorded here in the kerb as well.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.6 106.5 1.0328 96.50 11.5025

 

 

 


COMMENTS: Euro which had been trading in the negative phase for last few weeks showed active performance against rupee this week. The national currency lost significant grounds in the first four days due to the strong performance of euro against the US dollar in the international market. However, the national currency was able to show recovery towards the end of the week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.5 70.5 0.00 67.525 4.4057

 

 

 


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 market trend. 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 0.526-0.532 this week which was higher than its price at close of last week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5365 0.53 1.2264 0.4865 10.2774