PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Sep 04, 2004

 

 

 

 

 

 

 

 

 

 

 

COMMENTS: The rupee remained steady against the dollar this week and no major change in its price was recorded. The absence of any major demand from the buyers and fair supply of dollar in the market helped rupee to trade on a firm note. However, the rupee was technically under pressure since dollar was continuously on a rise in the inter bank dealings this week, thus rupee ended week on a negative note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.225

59.195

.0506

58.125

1.8924

 


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 significant 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

106.4 106.6 -.1876 92.275 15.3075

 


 

 

COMMENTS: The euro remained on an escalating ride through out the week and increase in its price was recorded as compared to last week's standings. The strong performance of euro against greenback on the international desks was the major reason of its rise here in the kerb. However, dollar recovered towards the weekend and euro subsequently fell as a result, helped the rupee to recover some grounds too.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.5 71.6 1.2569 64.475 12.4464

 


COMMENTS: A mix trend was observed in the price of yen against the rupee this week too and the currency continued to behave under its international market trend. With its solid performance against the greenback in the international markets, yen was able to build pressure on rupee as well here in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.537-0.540 this week which was higher than its price at close of last week. Overall, rupee sensed pressure against yen and fall in its price was recorded at weekend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.535 0.5375 -.4651 0.496 7.8629