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 13, 2004

 

 

 

 

 

 

COMMENTS: The rupee continued to trade under pressure against the US dollar this week too and more falls in its price were recorded. The shortage of physical dollars in the market, increased price of dollar in the inter bank market accumulated pressure on rupee this week. Dollar started new week at Rs.58/90 but recovered at a fast pace crossing the Rs. 59/00 barrier yet once again and trading between a range of Rs. 59/10-59/15.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.075

59.025

.0847

58.175

-.1718

 


COMMENTS: Sterling started this week on a positive note but with its falls against the US dollar in the international market lost the momentum here in the kerb as well and lost grounds afterwards. There was an increased demand of the currency here in the kerb initially but rupee soon recovered and improved its standing till the close of markets on Saturday.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.6 108.2 -.5545 93.475 15.1095

 

 


COMMENTS: The euro remained firm in the dealings this week and no significant change in its price was recorded. The trading continued to take place at a price range between Rs. 72/20-72/30 through out. The stable performance of euro in the international market and then a come back by rupee against dollar in the closing sessions of the week were the major reasons for rupee's firm posture against euro.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.2 72.1 .1386 65.30 10.5666

 


COMMENTS: 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 0.528-0.530 this week which was lower than its price at close of last week. Overall, yen sensed pressure against rupee and fall in its price was recorded at weekend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.535 0.5295 1.0387 0.485 10.3092