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 09, 2004

 

 

 

 

 

COMMENTS: In the open market this week, the rupee maintained a firm posture against the US dollar and did not show any major change in its price. This trend was mainly because of less than routine demand and significant supply of dollars in the market. However an increase in demand was recorded towards the end of the week and thus rupee lost grounds. The physical supply considerably short and thus rupee ended current week showing an overall loss of 0.15 paisa here in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.625

59.605

.0335

57.67

3.3899

 


COMMENTS: Sterling continued to lose in the open market dealings and rupee was able to further improve its standings this week. Sterling was weak against greenback in the international market and so it was here in the kerb too. There was more demand of currency but the supply was normal. Overall rupee ended current this week showing a gain of approximately 0. 25 paisa.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.9 106.6 .2814 95.6 11.8200

 


 

COMMENTS: The euro remained subdued and lost ground in the tradings. The important European and US economic data this week helped the dollar to regain its shine against euro and rupee took positive cues here in the kerb too. Euro remained on back foot and rupee was constantly on a rise. Rupee ended current week showing a gain of 0.40 paisa in the open market dealings.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.9 73.5 .5442 67.8 8.9970

 


COMMENTS: The rupee remained under pressure against yen this week. Yen was strong against US dollar and euro in the international market and thus rupee sensed the same pressure. Demand from corporate customers was up and overall rupee closed weak showing a net loss of 0.06 paisa here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5395 0.5355 .7469 0.522 3.3524