KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (June 25, 2006).
RUPEES/US DOLLARS: The US dollar showed tremendous gains in its price versus the natinoal currency in the open market dealings this week. The greenback which started new week at Rs 60/47 on Monday and with significant gains was changing hands at Rs 60/72 at close of market on Saturday.
Thus, the local currency shed 0/25 paisa against dollar in the kerb. The dollar's upward trend was mainly because of international trend where dollar was higher against all major currencies. On the international desks, the dollar remained steady against the euro beneath the 1.26-level and a 2-month high above the 116-mark versus the yen.
Traders remained sidelined given the lack of key US economic data out this week and ahead of next week's closely anticipated FOMC monetary policy meeting. Consequence estimates are for a Fed rate hike of 25-bp to 5025%. However, in light of recent inflation reports some are calling for an even more aggressive 50-bp hike from the FOMC which may be a factor to the dollar strength witnessed recently.