Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (September 23, 2007).
Thus, rupee recorded a gain of 0/05 paisas against dollar in the kerb. On the international desks, the US dollar recovered mildly, in particular against Canadian dollar and euro as both currencies are weighted down by disappointing data. Canadian retail sales came in much worse than expected, falling -0.8% mom, which is the second consecutive month of decline, Ex-auto sales also fail for the second month in a roll by -0.3 in Jul.