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 11, 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 started earlier. Throughout, the rupee remained under tremendous pressure against the greenback. The rupee once again came under pressure due to increased demand of the currency in the market and therefore failed to capitalize its gains which it showed during the last week's trading. The rupee fell to as low as Rs. 58/60 this week while it had started at Rs. 58/30, thus dipping by 0.30 paisa which was a major blow.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.625

59.225

.6753

58.075

2.6689

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded 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 as well. Although sterling lost grounds against the dollar in the ending sessions but the currency was strong in an aggregate level.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.7 106.4 .2819 92.325 15.5699

 


 

 

COMMENTS: The strong performance of euro in the international market affected the standing of rupee here in the kerb this week. Throughout this week, the national currency remained under pressure and rising trend in the price of euro was recorded. Euro started this week at Rs. 71/60 and by showing a gain of Rs. 1/25, was changing hands at Rs.72/85 at close of markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.0 72.5 .6896 65.10 12.1351

 


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 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 0.538-0.543 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.54 0.535 .9345 0.4885 10.5424