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 18, 2004

 

 

 

 

 

 

COMMENTS: The rupee once again took the driving seat this week and managed to recover grounds which it had lost last week. The rupee started fresh trading on the overnight on weak note but soon proceeded in the positive direction by first recovering some lost grounds and then adding further to the same through out. There was a decline in the demand of greenback this week which stood as the major supporting factor to the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.595

59.625

-.0503

58.025

2.7057

 


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

106.6 106.7 -.0937 92.40 15.3679

 


 

 

COMMENTS: The weak performance of euro in the international market affected the standing of the currency here in the kerb as well and the national currency as a result enjoyed gains against the same throughout this week. There was no significant buying of euro, however, customers were interested more in selling the currency which increased its supply and thus rupee was able to give firm resistance to euro even in shaky days.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.45 73.0 -.7534 65.65 10.3579

 


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 weak performance against the greenback in the international markets, rupee was able to build pressure on yen as well here in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.535-0.540 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5405 0.54 .0925 0.5025 7.5621