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 21, 2004

 

 

 

 

 

 

COMMENTS: The rupee remained unchanged against the US dollar in most sessions of this week. The price of dollar remained stable at Rs. 59/05 and no major change in it was recorded specially in the last four days. The major reason of this firm trend of rupee was low demand of US currency from the buyers as trading transactions remained below than normal this week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.125

59.075

.0846

58.125

1.7204

 


COMMENTS: Sterling remained as one of the major losers this week and major change in its price was recorded. The currency 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. Sterling posted rapid gains till Wednesday changing hands at a price level above Rs.108/30 mark.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.35 107.6 -.2323 91.40 17.4507

 


COMMENTS: A firm trend in the price of euro was recorded this week too and minor changes in the exchange price were recorded through out. This change was mainly due to the international market trend of the currency. The rupee started this week at Rs. 72/55 and ended the same at Rs. 72/50 showing a gain of 0.05 paisa at close.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.7 72.2 .6925 63.30 14.8499

 

 


COMMENTS: A rising trend in the price of yen was recorded against rupee this week and increase in its price was recorded at close. Although the demand of yen from the business circle remained persisting but its gains against the greenback in the international market continued to show its impact. The currency started current week at 0.529 paisa but at close was changing hands at 0.536.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5395 0.535 .8411 0.491 9.8778