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 31, 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 had shown in the last few days. Throughout, the rupee remained under pressure against the greenback amid its increased demand and rising trend of greenback in the inter bank and international markets. The rupee once again came under pressure due to increased demand of the currency and therefore, failed to capitalize its gains.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.725

58.575

.2987

58.355

.6340

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded in the first few sessions of 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 too.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.3 107.3 0.00 93.675 14.5449

 


 

 

COMMENTS: The euro showed a mix trend of rise and falls here in the kerb this week as well and rupee moved both ways. Euro continued to accumulate its pressure on rupee in the first three days of the week rising to Rs. 71/35 at one stage. The rupee in the later stages then managed to recover grounds and thus improve its standing on the desks.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.1 71.1 0.00 65.60 8.3841

 


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, rupee was able to build pressure on yen here in the kerb as well. The demand of currency remained within normal range.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5275 0.53 -.4716 0.484 8.9876