PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated July 03, 2004

 

 

 

 

 

 

COMMENTS: The trading trend just got reverse against the US dollar this week and the national currency failed to maintain its recovery phase which it has started one week earlier. Throughout, the rupee remained under pressure against the greenback amid its high demand. The rupee once again came under pressure due to increased demand of the currency in the market and therefore, failed to capitalize its gains. The rupee fell to as low as Rs.58/53 this week but made a very fine recovery in the final stages of trading.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.525

58.625

-.1705

58.325

.3429

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded this week as well. However, in the mid of the week. the rupee also made a come back and recovered some of its grounds which it had lost earlier. The currency standings were mainly affected by the continuous fluctuation in the prlce 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

106.8 107.0 -.1869 96.575 10.5876

 


COMMENTS: The strong performance of euro in the international market affected the standing of rupee here in the kerb this week. Through out this week, the national currency remained under pressure and rising trend in the price of euro was recorded. Euro started this week at Rs. 71/25 and by showing a gain of 0.60 paisa, was changing hands at Rs. 71/85 at close of markets. A slight increase in the demand of euro was recorded this week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.8 71.25 .7719 66.575 7.8482

 

 

 


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 subdued performance against the greenback in the international markets, yen lost against the 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 0.531-0.534 this week. which was lower than its price at close of last week. Overall, rupee remained in the positive zone.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5375 0.5425 -.9216 0.487 10.3696