KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (June 24, 2007).
RUPEE/US DOLLAR: The national currency continued to show a mixed trend against the American dollar in the kerb market this week. However, rupee gained 0/03 paisas versus greenback at close of markets on Saturday.
The dollar opened new day's trading at Rs 61/08 on Monday, continued to go up and touched 61/18 mark in the middle but rupee made a comeback by changing hands at Rs 61/05 on Saturday. Thus, rupee ended week on a positive note versus dollar in the kerb dealings. On the international desk, the dollar slide across the board as the impact of the bond yields on the greenback is still seen.
RUPEE/EUROThe single currency continued to score gains against rupee in the kerb dealings. The 13-nation currency opened new week's trading at Rs 81/65, showed significant gains and changed hands at Rs 82/00 at close of markets on Saturday. Thus, rupee shed 0/35 paisas against the euro in the kerb. On the international desk, the euro accelerated its rally to a new all-time at 166.93 against the yen after it broke previous record high of 166.12.
RUPEE/POUND STERLINGThe cable continued to score gains versus rupee in the open market dealings. Pound sterling kicked off new week's trading at Rs 120/80, posted gains and was trading at Rs 121/85 at close of markets on Saturday. Thus, rupee lost Rs 1/05 paisas versus British Pound.