PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Oct 02, 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 week on the overnight weak note but soon proceeded in the positive direction by first recovering some lost grounds and then adding further to the same throughout. There was a decline in the demand of all currencies this week which stood as the major supporting factor to the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.605

59.745

-.2343

58.025

2.7229

 


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 Sterling 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

106.6 107.5 -.8372 96.00 11.0416

 


 

 

COMMENTS: The strong 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 lost significant grounds against the same throughout this week. Although there was no significant buying and selling of euro and exchange prices continued to fluctuate under the international market trend. Euro was mostly strong in the international market which effeto rupee which effects rupees.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.5 73.1 .5471 66.775 10.0711

 


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 kept trading at a price level of 0.525-0.534 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5355 0.5375 -.3720 0.5185 3.2786