KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (November 19, 2006).
RUPEE/US DOLLAR: Rupee remained the loser against dollar in the open market dealings this week. The greenback started off new week's trading at Rs 60/70, exerted tremendous pressure on the national currency and posted 0/20 paisa on desk.
Thus, dollar changed hands at Rs 60/90 at close of markets on Saturday. On the international desks on Saturday, dollar snapped a two-day rally against the yen and declined the most in more than a week versus the Euro after a government report showed construction of homes tumbled to a six year low in the U.S. last month.
RUPEE/EURO: The single currency continued its upward rend versus rupee in the open market dealings this week. Euro kicked off new week's trading at Rs 77/45, managed gains and changed hands at Rs 77/75 at close of trading session on Saturday. Thus, rupee lost 0/30 pasia against the 12-national currency.
RUPEE/POUND: Finally, rupee took a respite versus the cable in the kerb this week. Pound Sterling set off new week's trading at Rs 115/00, incurred losses and changed hands at Rs 115/90 at close of markets on Saturday. Thus, rupee gained 0/10 pasia.