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 25, 2004

 

 

 

 

 

 

COMMENTS: There was stern pressure on the rupee on technical grounds mainly because of 23-month highs of dollar in the inter-bank market while rise of the dollar in the international market too after Fed decided to raise its interest rates in its meeting on Tuesday. There was slight firmness in the dealings and rupee showed a recovery of 0.02 paisa. Overall, rupee remained under severe pressure and ended the week on a sluggish note here in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.745

59.595

.2516

58.025

2.9625

 


COMMENTS: Sterling's trend was also similar to that of euro and the currency showed swift gains against rupee in most sessions of this week. Sterling started the week on a positive note and continued with the same trend amid its increased demand and rise in the international market against the greenback. Sterling started at Rs 106/15 and went up to Rs. 107/30 showing a smart gain of Rs. 1/15 at the weekend.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.5 106.6 .8442 95.65 12.3889

 


 

 

COMMENTS: The euro demonstrated an upward trend against rupee this week in the kerb and throughout the week kept escalating. The rise of euro against the greenback in the major world markets this week was the major factor supporting euro on technical grounds. The demand of currency was also on a rise and short term buyers showed interest in trading in euro this week. Overall, euro remained strong and kept an upper hand on the national currency this week's trading.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.1 72.45 .8971 66.175 10.4646

 


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 0.535-0.538 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

0.5375 0.5405 -.5550 0.5165 4.0658