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 24, 2004

 

 

 

 

 

 

COMMENTS: The rupee managed to stand firm against the US dollar through out this week and no major change in the price of the currency was recorded. The rupee started fresh week no the overnight firm note and managed to proceed in the same direction without showing any major change in the exchange price. Mostly through out the week, transactions took place at Rs. 58/45 as there was low demand of all currencies which stood as the foremost supporting factor to the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.575

58.5

.1282

58.515

.1025

 


COMMENTS: Sterling started this week on a positive note but with its falls against the US dollar in the international market lost momentum here in the kerb as well and lost significant grounds afterwards and thus the national currency was able to recover the lost grounds. The rupee which suffered from record lows against sterling last week falling to as low as Rs. 109/15 was able to make a come back by taking support.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.3 109.2 -1.7399 94.50 13.5449

 


 

 

COMMENTS: The weak performance of euro in the international market affected the standing of the currency here in the kerb as well and the national currency as a result enjoyed gains against the same through out this week. There was no significant buying and selling of euro and exchange prices continued to fluctuate through out under the international market trend.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.1 72.6 -2.0661 67.10 5.4896

 


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 weak performance against greenback in the international markets, rupee was able to build pressure on yen here in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.520-0.526 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.53 0.5355 -1.0270 0.4905 8.0530