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 17, 2004

 

 

 

 

 

 

COMMENTS: The rupee showed a mix trend in the trading against greenback this week. The strong demand from the customers and vendors before the annual budget and fiscal year end has gradually narrowed in the last two weeks and therefore, rupee has been able to recover some grounds. This week too, mostly trading took place between Rs.58/40 and Rs.58/50 The rise mainly occurring because of respective performance of the dollar on the international desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.5

58.475

.0427

58.325

.3000

 


COMMENTS: Euro showed and upward trend in the trading this week and kept an upper hand on the national currency through out. The strong performance of euro in the international market affected the rupee here on the kerb this week. Thorough out this week, the national currency remained under pressure.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

109.2 108.0 1.1111 92.90 17.5457

 

 

 


COMMENTS: Sterling continued its upward acceleration against rupee and traded at its all time high price in the history of kerb trading this week, sterling crossed Rs. 109/00 mark.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.6 71.1 2.1097 65.475 10.8820

 


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 mixed performance against the greenback in the intentional markets, yen behaved the same way here in the kerb as well . The demand of currency remained within normal range and yen continued to trade at a price level of 0.531-0.534 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5355 0.5530 -3.1645 0.486 10.1851