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 Mar 05, 200
5

 

 

COMMENTS:
The dollar showed a mixed trend but remained on the positive side in the kerb this week. However, the national currency could not extend its gains versus dollar and lost significant grounds at the closure. The dollar took the lead versus the rupee by scoring 0.05 paisa to make Rs59/55 and continued to extend gains by dragging down the national currency at Rs59/58 at the last day of trading.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.575

59.545

0.503

57.525

3.5636

 


 

 

COMMENTS
:
The cable showed both upward and downward trends but managed to close week on a positive note in the kerb. Pound sterling commenced new week at Rs114/30, and faced hard blows from the national currency which sent back it at Rs113/60 and in result the pound posted a loss of 0.70 paisa in the first four days trading. The cable came back nicely and pushed back the rupee at Rs114/50. Thus, rupee lost 0/20 paisa to close the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

114.5 114.1 .3505 106.30 7.7140

 


COMMENTS: Euro showed a mixed trend versus the local currency but stood unchanged at the close in the preceding week. The single currency set off new week at Rs78/80, lost 0.70 paisa in the initial three days of trading. Then euro started heating up the competition by recovering the lost grounds. The single currency made a sharp comeback by standing at the same price level of Rs78/80.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

78.85 77.7 1.4800 71.30 10.5890

 


COMMENTS: A mixed trend was also observed in the price of Japanese yen as well but yen remained unchanged at the close. The Japanese yen opened new week at the price level of 0.566, went through some ups and downs but ended at the same price level.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.565 0.5635 .2661 0.5125 10.2439