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 26, 2004

 

 

 

 

 

 

COMMENTS: The rupee showed a mix trend in the trading against greenback this week and both rise and falls were accordingly recorded. The rupee started this week at its overnight sluggish note and continued to lose further grounds in the first three days. The dollar remained under high demand from the buyers was a rush of buying dollars in the market especially from the vendors who were buying the currency to meet the requirements of their customers.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.625

58.425

.3423

57.925

1.2084

 


COMMENTS: Euro showed an upward trend in the trading this week and kept an upper hand on the national currency throughout. The strong performance of euro in the international market affected the standing of rupee here in the kerb this week. Throughout this week, the national currency remained under pressure and euro showed gains in the desks. Euro started this week at Rs. 70/60 and by showing a gain of 0.60 paisa, was changing hands at Rs. 71/20 at close of markets.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.0 107.6 -.5576 95.425 12.1299

 


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. Sterling started at Rs.107/00 and kept rupee under pressure throughout. However, the rupee sensed some relief from the currency towards the weekend as the pace of sterling's gains slowed down on the international desks as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.25 70.5 1.0638 66.275 7.5066

 

 

 


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 0.535-0.541 this week which was higher than its price at close of last week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5425 0.5365 1.1183 0.5035 7.7457