Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (March 04, 2007).
However, dollar made a comeback and was changing hands at Rs 60/67 at close of markets on Saturday. On the international desks, the dollar weakened modestly after University of Michigan consumer confidence index dropped from 96.1 to 91.3 in February. The euro strengthened to 1.32 against the dollar, however, the sterling felt heavy with its rally limited under 1.9460. The Japanese yen rose to 11 week high at 116.42 against the dollar today, heading for its biggest weekly rally in 14 months.