KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 17, 2005).
RUPEE/US DOLLAR: The rupee stood firm against the US dollar through out this week and no significant change in the price of the currency was witnessed. The rupee kicked off new week on the overnight upbeat note and managed to proceed in the same direction with out showing any change in the price. Mostly through out the week, transactions took place at Rs 60/45.
RUPEE/EURO: The mixed trend was observed in the price of the single currency. The euro performed very well in the beginning of ending week to touching Rs 73/45 mark and which was the highest price of euro versus the rupee this week. However, the local currency came back strongly by pushing back the euro at Rs 72/80 price level. Overall, Euro started this week at Rs 72/50 and by showing a gain of 0/30 paisa, was changing hands at Rs 72/80 at close of markets.
RUPEE/POUND: Sterling set off this week on a positive note too. The cable performed well in the initial days of trading by touching Rs 106/60. Moreover, this price was the highest versus the rupee. However, the rupee was able to make a good came by sending the cable at Rs 106/20 at close of markets. Overall, the cable opened the new week's trading at Rs 105/30 and with the gain of 0/90 paisa, was changing hands at Rs 106/20. Thus, the local currency lost 0/90 paisa.