CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE


FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Feb 18, 200
5

 

 

COMMENTS:
The rupee showed a mix trend in the trading against greenback this week and recorded both rise and falls. In the initial sessions, the national currency stood firm against greenback amid substantial decline in the demand but lost grounds as dollar recovered significantly in the international market later. The demand from the customers and vendors has gradually narrowed in the last two weeks and therefore, rupee has been able to trade on a positive note.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.575

59.525

.0839

57.355

3.8706

 


COMMENTS: Sterling continued its uphill acceleration against rupee and traded on a cheerful note this week too. Sterling crossed Rs112/50 mark and at one stage went as high as Rs112/90. Constant gains in the price of sterling were recorded and the currency standings were mainly affected by its incessant rise against US dollar in the international market and thus, its direct effects were recorded here in the kerb as well. Sterling started and at Rs111/90 and at close was changing hands at Rs112/90 thus showing a net gain of Re1/- at close of markets on Friday.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

112.7 111.35 1.2123 104.30 8.0536

 


 

 

COMMENTS
:
Euro showed a rising trend in the trading this week and kept an upper hand on the national currency throughout. The sturdy show of euro in the international market affected the standing of rupee here in the kerb this week. Right through, the national currency remained under pressure and euro showed gains on the desks and traded above at Rs77/50 mark. The gains touched its maximum weekly height on the last working day when euro was changing hands at Rs 77/90 showing a net gain of 0.80 paisa at weekend.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

77.8 76.7 1.4341 71.35 9.0399

 


COMMENTS: A mix trend was observed in the price of yen against the rupee this week and the currency continued to act under its international market trend. With its diverse concert against greenback in the international markets, yen reacted the same way here in the kerb as well. The demand of currency remained within normal range and yen continued to trade at a price level of 0.564-0.566 this week, which was nearly with respect to its score at close of markets last week. Overall, a mix trend was observed in the price of yen here in the kerb this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5625 0.5625 0.00 0.540 4.1666