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 08, 2004

 

 

 

 

COMMENTS: The rupee showed a downward trend this week and gave up mere grounds versus greenback which it had accumulated towards the end of last week. The national currency opened fresh week trading on a slump note and went to lose throughout. There was an increase in the demand of greenback which was the major factor for the local currency to shed grounds. The dollar also touched Rs. 60/- mark at one stage, however, the national currency managed to recover grounds in the mid week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.875

59.725

.2511

57.525

4.0851

 


COMMENTS: Pound sterling also remained under panic against the national currency and incurred a heavy loss this week. The rupee mostly traded on a positive note and continued to at a price level of Rs. 114/10 and dragged the cable at Rs. 112/40. Therefore, the local currency gained Rs. 1.70 at the end. The rupee therefore closed current week on a positive note in the kerb dealings.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

112.7 114.3 -1.3998 105.6 6.7234

 


 

 

COMMENTS: The single currency remained under tremendous pressure in the trading this week and lost hefty grounds against rupee. Throughout this week, the national currency remained charged up and showed gains on the desks. Euro made new week start on an upbeat note at Rs. 80/70 and by showing loss of Rs. 2.20, was changing hands at Rs. 78/50 at close of markets.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

78.7 80.7 -2.4783 73.3 7.3669

 


COMMENTS: The national currency observed the positive trend versus yen this week. Yen lost significant grounds against the rupee by changing hands from 0.579 to 0.571 levels to close the week. The national currency mostly traded on a positive note this week, however, yen managed to gain only on Friday to make 0.572. Overall, the national currency remained on the upper hand versus Japanese yen.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5735 0.5755 -.3475 0.534 7.3970