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 16, 2004

 

 

 

 

 

COMMENTS: The rupee remained under tremendous pressure against the US currency this week and lost significant grounds on the desks. The down ward trend which started towards the end of last week picked its momentum this week and dollar rallied high on the desks. The demand of dollars showed a hectic rise as the individuals started to buy dollars in big volumes before the arrival of Ramazan thus building severe pressure on the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.105

59.625

.6362

57.825

3.9429

 


COMMENTS: As it was expected, 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 US dollar in the international market and thus, its direct effects were recorded here in the kerb as well.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

107.9 106.9 .9354 96.65 11.6399

 


 

COMMENTS: The strong performance of euro in the international market and rising demand of the same affected the standing of rupee here in the kerb this week. The national currency remained under severe pressure and rising trend in the price of euro was recorded through out. Euro started this week at Rs. 73/70 and by showing a gain of 0.90 paisa, was changing hands at Rs. 74/60 at close of markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

74.6 73.9 .9472 67.275 10.8881

 


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 mixed bag of performance highlighted by rise and falls against greenback in the international markets, yen was able to behave the same way here in the kerb as well. Demand in significant volumes continued to come in from the importers especially. Yen continued to trade at a price level of 0.538-0.544 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5455 0.5395 1.1121 0.5245 4.0038