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Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (May 23, 2005).



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Currency Notes KKI Buying KKI Selling
=================================================
US dollar 60.70 60.75
Pound Sterling 111.50 111.60
Euro 76.50 76.60
Swiss Franc 49.35 49.45
Swedish Krona 8.30 8.35
Canadian dollar 48.00 48.10
Japanese Yen 0.562 0.564
Hong Kong dollar 7.78 7.83
Singapore dollar 36.50 36.60
Malaysian Ringgit 15.90 15.95
U A E Dirham 16.56 16.59
Saudi Riyal 16.21 16.24
Kuwaiti Dinar 207.85 207.95
Indian Rupee 1.42 1.45
Norwegian Krone 9.40 9.45
Qatari Riyal 16.68 16.71
Omani Riyal 157.60 157.70
Thai Bhat 1.52 1.57
-------------------------------------------------
Remittance KKI Buying KKI Selling
-------------------------------------------------
US $ TT 60.80 61.00
US $ Draft 60.80 61.00
=================================================

MARKET ANALYSIS: The rupee continued to recover in the open market dealings and added more to its overnight gains against the dollar. The grenback lost another 0.10 paisa against rupee as the currency was changing hands at Rs 60/60 as compared to Rs 60.70 at close of markets on Saturday. The demand was still there in the market today but improved supply amid intervention mvoe on Saturday helped rupee not only to sustain demand pressure but also record gains.

Copyright Business Recorder, 2005

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