KKI weekly market reveiw

Khanani & Kalia International (Pvt) weekly market reveiw.
RUPEES/US DOLLAR: The rupee remained under stress versus the dollar this week and lost grounds overall. It started off by changing hands at Rs.59.28 but fell to Rs.59/55 at close of markets on weekend. There was a reasonable increase in the inter bank price of US dollar and demand upto some level which brought the national currency on the back foot here in the kerb. Overall, the national currency lost 0.17 paisa and ended current week on a sluggish note.
RUPEE/EURO: The national currency remained unchanged against euro this week. Euro started the new week at Rs.77/30 and showed both upward and downward trends in the middle. The simple currency touched Rs.77/80 price level which was the highest score of euro versus the national currency this week. Overall, the national currency remained motionless by standing at the same price level of Rs.77/30 at the close of markets.
RUPEE/POUND STERLING: The cable started this week on a positive a note but showed a mix trend. Sterling started the new week at Rs.111/90 and gained grounds through out the week. The cable touched Rs.112/25 which was the highest gain versus the national currency this week. Overall, pound sterling started new week at Rs.111/90 and started accumulating gains by changing hands at Rs.112/10. Thus, the national currency gave up 0/20 paisa to close the week.