KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 15, 2007).
RUPEE/US DOLLAR: Rupee showed a mixed trend against dollar in the kerb dealings this week.
However, rupee gained 0/02 paisas versus greenback at close of markets. The US dollar kicked off new week's trading at Rs 61/00 on Monday, saw ups and downs in its value and changed hands at Rs 60/98 at close of markets on Saturday. Thus, the national currency ended week on a positive note versus dollar in the open market.
RUPEE/EUROThe national currency remained under pressure versus euro amid better performance of the single currency in the international market this week. Euro commenced new week's trading at Rs 82/70, went up and closed the week at Rs 83/50 on Saturday. Thus, rupee lost 0/80 paisas against euro in the open market dealings. On the international desk the euro stepped back to below 1.38 area after reaching all-time high at 1.3813 versus the dollar.
RUPEE/POUND STERLINGThe cable continued to exert pressure versus rupee in the open market dealings. Pound Sterling commenced new week's trading at Rs 122/45, continued to rise and was changing hands at Rs 123/25 at close of markets on Saturday. Thus, rupee shed 0/80 paisas against British Pound. In the international market, the sterling hovered above the 2.03 level against the dollar.