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 10, 2004

 

 

 

 

 

 

COMMENTS: The rupee once again took the driving seat this week and managed to stand firm against the US dollar through out. Mostly through out the week, transactions took place at Rs. 58/40 as there was a decline in the demand of all currencies which stood as the foremost 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

58.475

58.525

-.0854

58.305

.2915

 


 

 

COMMENTS: Pound sterling stood as the major gainer this week and rallied at six months highs against the rupee here in the kerb. The currency was in full swing this week and stressed the rupee by trading above Rs. 108/- barrier for the first time in the last six months. Sterling which has been trading with an edge over the national currency since last two weeks came up very strongly this week too and kept tremendous pressure on the national currency with it continuous rise.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

108.0 106.8 1.1235 94.70 14.0443

 

 

 


COMMENTS: Euro which had been trading in the negative phase for last few weeks showed active performance against the 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 some recovery towards the end of the week which again took momentum to make rupee to close markets under pressure in the dealings.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.1 71.8 -.9749 65.725 8.1780

 


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 0.531-0.5347 this week which was higher than its price at close of last week. Overall, rupee sensed pressure against yen and fall in its price was recorded at weekend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5530 0.5375 2.8837 0.4895 12.9724