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 29, 2004

 

 

 

 

COMMENTS: The rupee once again took the driving seat this week and managed to post smart gains against the greenback. The rupee started fresh week on firm note and proceeded in the positive direction by adding further to the same throughout. There was a decline in the demand of US dollar which stood as the major supporting factor to the national currency. The major buyers remained sidelines while routine buying and selling took place. The buyers preferred to avoid any major transactions immediately after Eid holidays.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.325

59.825

-.8357

57.355

3.4347

 


COMMENTS: Sterling started a week on a positive note but with its falls against the US dollar in the international market lost the momentum here in the kerb as well during the mid-week and lost significant grounds. However, the pound retreated and brought pressure back on rupee and improved its standing till the close of markets on Saturday. Sterling started at Rs. 112/- on Monday, went down till Wednesday and then came up again changing hands at its week opening price.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

112.0 111.7 .2685 104.30 7.3825

 


 

 

COMMENTS
: The weak performance of euro in the international market affected the standing of local currency here in the kerb. In result, rupee enjoyed gains against the euro throughout this week. There was no significant buying and selling of euro and exchange prices continued to fluctuate throughout under the international market trend. Euro was mostly weak in the international market which was directly reflected here in the kerb dealings as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

77.4 78.35 -1.2125 71.35 8.4793

 


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 mix performance against the greenback in the international markets, yen behaved the same way here in the kerb as well. The demand of yen remained within normal range and continued to trade at a price level of 0.573-0.577 this week which was lower than its price at close of last week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5735 0.578 -.7785 0.540 6.2037