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Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (May 11, 2005).



=================================================
Currency Notes KKI Buying KKI Selling
=================================================
US dollar 60.00 60.05
Pound Sterling 112.90 113.00
Euro 77.30 77.40
Swiss Franc 49.90 50.00
Swedish Krona 8.38 8.43
Canadian dollar 48.10 48.20
Japanese Yen 0.568 0.569
Hong Kong dollar 7.70 7.75
Singapore dollar 36.50 36.60
Malaysian Ringgit 15.75 15.80
U A E Dirham 16.40 16.42
Saudi Riyal 16.05 16.08
Kuwaiti Dinar 205.80 205.90
Indian Rupee 1.40 1.41
Norwegian Krone 9.53 9.58
Qatari Riyal 16.52 16.55
Omani Riyal 156.10 156.20
Thai Bhat 1.48 1.52
-------------------------------------------------
Remittance KKI Buying KKI Selling
-------------------------------------------------
US $ TT 60.10 60.30
US $ Draft 60.10 60.33
=================================================

MARKET ANALYSIS: The rupee showed a mix trend against the greenback in the open market dealings this week by showing both rise and falls in its price. Dollar which opened on a positive note lost momentum in the second session and rupee was able to recover. Trading started at Rs 60/05 which went up to Rs 60/07 on account of demand pressure in the market resulting in a slight shortfall of physical currency as well.

Copyright Business Recorder, 2005

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