PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Jan 01, 2004

 

 

 

 

COMMENTS: The rupee once again took the driving seat this week and managed to recover grounds which it had lost towards the end of last weeks. The rupee started fresh trading on the overnight mild 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 greenback this week which stood as the major supporting factor to the national currency whereas the increased supply further strengthened the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.725

59.875

-.2505

57.425

4.0052

 


COMMENTS: Pound sterling continued its rising trend against the national currency and added more to its gains this week. The rupee mostly remained under pressure except swift recoveries made on account of sterling's fall on the international desks. The supply of currency was fair here in the market this week since most individuals were booking their short-term profits. Rupee received support from fundamental grounds but remained under pressure on technicals.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

114.3 114.6 -.2617 102.60 11.4035

 

 

 


COMMENTS: Euro showed an upward trend in the trading this week and kept an hand on the national currency throughout. The strong performance of euro in the international market affected the standing of rupee here in the kerb this week and crossed the Rs. 81/- barrier for the first time in the history of kerb trading.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

80.7 80.5 .2484 71.10 13.5021

 


 

 

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 mixed bag performance against the greenback in the international markets, yen was able to build pressure and release the same here in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.569-0.579 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5755 0.57 .9649 0.532 8.1766