PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Dec 04, 2004

 

 

 

 

 

 

COMMENTS: The rupee was trading on a positive note against the greenback throughout this week due to less than normal demand, sufficient supply, firm trend in the inter bank trading and subdued performance of the currency on the international desks especially against euro, pound and yen. All these factors supported rupee and helped it to prolong the week on a firm note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.529

60.025

-.8263

57.225

4.0262

 


COMMENTS: The rupee fell to new lows against pound sterling in the kerb this week and jumped up to new highs in the history of kerb trading. The currency touched Rs. 115/- mark for the first time in the history of currency trading here in the kerb and broke all its previous records. Sterling ended as the major gainer this week as an increase of Rs. 2/30 was recorded in its price against rupee.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

115.8 112.8 2.6559 98.50 18.5786

 

 

 


COMMENTS: Euro which was all set to hit the Rs. 80/- barrier at last hit a new price level this week for the rupee to chase. The currency which ended at Rs. 79/30 accelerated with a top gear breaking new barriers and took a break at Rs. 80/- at weekend. At one stage, the currency had touched Rs. 80/10 but then came on the back foot again.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

80.1 79.1 1.2642 69.20 15.7514

 


COMMENTS: Just like last week, the rupee remained under pressure against yen which continued with its rising trend against rupee this week too. Yen added more gains to its last week's price and therefore, the national currency was not able to make any sound recovery move. Despite the yen's 11-day decline against the euro, the Japanese currency dragged the dollar towards the key 102 level, with little warning from Japanese authorities.

 

 

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5825 0.58 04310 0.529 10.1134