Khanani & Kalia International (Pvt.) Limited Closing Rates of currency notes on Sunday (July 03, 2005).
MARKET ANALYSIS: RUPEE/US DOLLAR: The Rrupee remained strong versus the dollar this week too. The national currency started fresh week on its overnight note and managed to proceed in the same direction by showing some gains in the middle. The local currency changed hands from Rs 60/42 to Rs 60/40.by showing the gain of 0/02 paisa. Thus, the rupee closed the week on an upbeat in the open market.
RUPEE/EURO: Euro again remained loser versus the rupee in the kerb this week. The single currency set off the new week trading at Rs 72/80, faced strong resistance form the national currency and changed hands at Rs 71/50. Thus, the national currency gained Rs 1/30 versus the euro. Since the currency was weak in the international market, therefore its effects were seen here in the kerb as well.
RUPEE/UK POUND: Pound sterling suffered great losses versus the local currency in the kerb this week. The cable started the new week at Rs 109/50, remained under tremendous pressure versus the rupee amid its downward performance versus greenback on world desks and changed hands at Rs 105/90. Thus, the national currency accumulated the gain of Rs 3.60. Overall, the national currency closed the week on a high note versus the cable in the open market.
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