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Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (March 31, 2005).



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Currency Notes KKI Buying KKI Selling
=================================================
US dollar 59.74 59.78
Pound Sterling 112.55 112.65
Euro 77.70 77.80
Swiss Franc 49.90 50.00
Swedish Krona 8.45 8.50
Canadian dollar 49.20 49.30
Japanese Yen 0.558 0.560
Hong Kong dollar 7.70 7.75
Singapore dollar 36.25 36.35
Malaysian Ringgit 15.65 15.70
U A E Dirham 16.30 16.33
Saudi Riyal 15.95 16.00
Kuwaiti Dinar 204.50 204.60
Indian Rupee 1.38 1.42
Norwegian Krone 9.42 9.47
Qatari Riyal 16.42 16.46
Omani Riyal 155.10 155.20
Thai Bhat 1.50 1.55
-------------------------------------------------
Remittance KKI Buying KKI Selling
-------------------------------------------------
US $ TT 59.85 60.05
US $ Draft 59.85 60.05
=================================================

MARKET ANALYSIS: As it was expected, the rupee lost grounds against the greenback in the dealings today amid rise of dollar in the international market on Tuesday. The rupee mostly traded under technical pressure and gave up 0.05 paisa on the desks. Trading started on a firm note but soon lost the momentum and the national currency started to give up. The greenback picked up 0.05 paisa and trading was taking place at Rs 59/75 at close of markets as compared to Rs 59/70 yesterday.
Copyright Business Recorder, 2005

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