Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Sunday (March 06, 2005).
RUPEE/US DOLLAR: 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 gain versus dollar and lost significant grounds at the close of week. The greenback started off new week at Rs59/50, lost 0.05 paisa in the middle but recovered the lost grounds quickly by maintaining the same grounds smoothly.
Moreover, the dollar took the lead versus the rupee by scoring 0.05 paisa to make Rs 59/55 and continued to extend gains by dragging down the national currency at Rs 59/58 at close of markets on Saturday.
RUPEE/EURO: Euro showed a mixed trend versus the local currency but stood unchanged at the close of week. The single currency set off new week at Rs 78/70 and lost 0.70 paisa in the initial three days of trading. Them euro started heating up the competition by recovering the lost grounds due to its gains against the greenback in the international market.
The single currency made a sharp comeback by standing at price level of Rs 78/70 and thus closed week on a positive note overall.
The cable showed both upward and downward trends but managed to close week on a positive note. The fluctuations continued to take place due to persistent changes in the international market price of the currency. Pound sterling commence new week at Rs 114/30 started facing hard blows form the national currency which sent back it at Rs 113/60 resulting in a loss of 0.70 paisa in the first four days.
The cable came back nicely by pushing back the rupee at Rs 114/50. Thus, rupee lost 0/20 paisa at weekend.
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