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 Apr 02, 200
5

 

 

COMMENTS:
A rising trend in the price of greenback was recorded this week too and rupee continued to trade under pressure. On fundamental grounds, there was low demand whereas the supply was in balance with the requirements. However, mild recovery towards the weekend was recorded and thus rupee closed current week on a mix note by shedding 0.07 paisa overall.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.775

59.795

-.0334

57.795

3.4259

 


COMMENTS: Pound sterling continued to drive stead-fast against the national currency this week too and mostly kept an upper hand on the desks. The rupee showed some resistance but gave up soon and the currency ended week's trading at Rs112/60 on Saturday, last trading day, thus showing a significant gain of Rs1/30 on the desks.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

112.7 112.15 .4904 105.70 6.6225

 


 

 

COMMENTS
:
Euro showed a rising trend against rupee this week but its rise was within narrow changes and did not bring any major change in the currency stands when compared with its trend in the earlier weeks. Overall, a steady trend of its trade on the international desks against the greenback was the major factor behind its movement here in the kerb dealings. Euro started the new week at Rs77/30 while at close it was changing hands at Rs77/40.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

77.7 77.9 -.2567 70.40 10.3693

 


COMMENTS: Yen fall against rupee this week since it was being pushed lower by the US dollar in the international market continuously. Yen edged towards a five-month low against the dollar on Friday after a weak reading in the Bank of Japan's quarterly survey of business sentiment raised more doubts about the strength of Japan recovery. As a result, rupee also gained against the currency and ended current week on a positive note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5545 0.5625 1.4222 0.550 .8181