PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Aug 07, 2004

 

 

 

 

 

 

 

 

 

 

COMMENTS: The rupee remained under tremendous pressure against dollar this week and lost noteworthy grounds in the dealings. The intense demand of dollars from the corporate customers, importers and oil companies planted a lot of pressure on rupee in the inter bank market and chopped down to major lows thus resulting in the high price of dollar here in the kerb as well.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.025

58.725

.5108

58.47

.9492

 

 

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded this week as well. The price of sterling kept on rising mostly through out the week because of its strong performance against the US dollar in the international market and strong dollar here in the kerb. Rupee managed to show some resistance in the mid week trading, but sterling kept an upper hand and gained 0.75 paisa overall.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

108.2 107.3 .8387 93.60 15.5982

 

 

 


COMMENTS: The euro continued to show unrelenting gains in the kerb dealings and added more to its positive standing on the desks this week. Euro continued to mount up its pressure on rupee as sturdy performance of euro in the international market and rising price trend of dollar affected the standing of rupee here in the kerb this week.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.1 71.1 1.4064 65.90 9.4081

 


COMMENTS: Yen continued to trade under its international market trend and accordingly changed its standing on the desks through out the week. The corporate buyers continued to buy the currency this week as well. Rupee lost grounds in the dealings and a rising trend in its price was recorded. Yen traded at a price level of 0.525-0.530 this week which was higher than its price at close of last week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5295 0.5275 .3791 0.485 9.1752