KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (March 18, 2007).
RUPEE/US DOLLAR: Rupee showed a mixed trend versus greenback in the kerb market dealings this week. The American dollar continued new week's trading at Rs 60/70, went in both territories but remained gainer and changing hands at Rs 60/72 at close of markets on Saturday. On the international desks, the dollar fell to the lowest level this year against the Euro and dropped versus the yen on concern a slowing economy in reducing the appeal of U.S. investments.
The dollar declined 0.59 percent of $1.3315 per Euro and dropped 0.69 percent to 116.75 yen 0.69 percent to 116.75 yen at 4:27 pm in 0.69 percent to 116.75 yen at 4:27 pm in New York. The U.S. currency earlier fell to $1.3339 per Euro, the lowest level since December 8.
RUPEE/EUROThe single currency gained major grounds versus the local currency in the open market dealing. The 13-nation currency commenced new week's trading at Rs 79/85, posted significant gains and changed hands at Rs 80/55 at close of markets on Saturday. Thus, the national currency lost 0/70 paisas against Euro in the kerb dealings.
RUPEE/POUND STERLINGPound sterling continued to score versus national currency in the kerb dealings. The cable opened new week's trading at Rs 117/00, continued to gain and altered its position at Rs 117/50 at close of trading sessions on Saturday. Thus, rupee shed 0/50 paisas versus pound sterling in the kerb market.