KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (October 22, 2006).
RUPEE/US DOLLAR: Rupee shed significant grounds against dollar in the open market dealings this week dollar's fine performance in the international market. The US dollar kicked off new week's trading at Rs 60/48, started to post gains and changed hands at Rs 60/58 at close of markets on Saturday.
Thus, rupee registered a loss of 0/10 paisa against dollar. On the international desks on Friday, dollar inched higher against yen in Asian trading this morning but remained close to its low ranges reached during the previous session after the Philadelphia Fed Index declined in the month of September below expectations to -0.7.
RUPEE/EURO: Rupee suffered losses against 12-nation currency in the open market dealings this week. Euro set off new week's trading at Rs 75/75, continued to recover grounds and changed hands at Rs 76/10 at close of trading session on Saturday. Thus, rupee lost 0/35 pasia against euro.
RUPEE/POUND: Rupee showed a downward trend versus Pound Sterling in the kerb this week. The cable commenced new week's trading at Rs 112/60, gained significant grounds and altered its position at Rs 113/55 at close of markets on Saturday. Therefore, rupee shed 0/95 pasia against British Pound at close of markets.