KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (October 26, 2008).
RUPEE/US DOLLAR: The national currency showed sign of recovery versus dollar in the kerb market this week. However, rupee lost mere grounds at close of markets on Saturday. The US dollar kicked off trading at Rs.82/50, recovered mere grounds and was changing hands at Rs.82/75 at close of markets on Saturday.
RUPEE/EURORupee made strong comeback versus Euro in the kerb market. The single currency started off new day's trading at Rs.110/00, incurred major losses and was trading at Rs.104/30 at 12:38PM local time on Saturday. Thus, rupee recovered Rs.5/30 versus Euro in the kerb.
RUPEE/POUND STERLINGDemand of Pound Sterling declined heavily in the local market as rupee recovered Rs.10/00 versus cable this week. Pound Sterling set off new week's trading at Rs.141/50, recorded huge losses and was changing hands at Rs.131/50 at 12:38PM local time on Saturday.