KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (May 28, 2006).

RUPEES/US DOLLARS: The dollar maintained a steady note against rupee here in the open market dealings this week and did not show any major change at close of market.
The demand remained normal and good supply in the market helped rupee to trade on a positive note in most sessions. However with dollar's rise in the inter bank toward the weekend, rupee sensed some technical pressure and lost some overall started new week at Rs 60/47 and ended at Rs 60/45 on Saturday. Dollar's mixed performances on the international desks also gave technical support to rupee in local dealings. The dollar gained against the euro and yen in international trading at weekend with greenback posting its first back to back weekly gains against the euro in the three months as investors tidied up posting in lower than usual volume ahead of a holiday long weekend in the United State and Great Britain. Earlier dollar gained grounds on Monday, hitting a two week high against yen, boosted by volatility in globe equity and commodity markets as investors switched from riskier assets into cash. Dollar fell broadly on Thursday, with growth risk aversion supporting safe-haven currencies while a call for china to rein in property lending created further drag on the greenback.
Copyright Business Recorder, 2006