KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (October 02, 2005).
RUPEE/US DOLLAR: The local currency saw a mix trend versus dollar in the kerb this week. Trading set off at Rs 60/32 on Monday and greenback continued to keep rupee under pressure through out. Thus the national currency changed hands at Rs 60/35 at close of markets on Saturday. However, the dollar touched at Rs 60/38 on Friday which was its highest price versus the rupee.
But rupee showed some resistance and dragged down the dollar at Rs 60/35. Overall, the national currency lost 0/03 paisa against the dollar at close of markets. In the inter bank market, the national currency remained strong versus the dollar. The rupee started the trading Rs 59/75 for buying and Rs Changed hands at Rs 59/62 for buying and Rs 59/82 for sealing on Saturday.
RUPEE/EURO: Euro also witnessed both upward and downward trends versus rupee in the kerb this week too. The single currency set off new week's trading at Rs 72/80 felt pressure against the national currency and changed hands at Rs 72/70 at close of markets on Saturday. Thus, the rupee gained 0/10 paisa. Moreover, the national currency also accumulated 0/30 paisa versus the single currency in the last week trading. In the inter bank dealings, the single currency set off the new week's trading at Rs 71/7299 for buying and Rs 72/0686 for selling on Monday and closed the markets at Rs 71/5798 for buying and Rs 71/9138 for selling on Saturday.