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Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (May 16, 2005).



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Currency Notes KKI Buying KKI Selling
=================================================
US dollar 60.55 60.60
Pound Sterling 111.35 111.45
Euro 76.60 76.70
Swiss Franc 49.40 49.50
Swedish Krona 8.27 8.32
Canadian dollar 47.60 47.70
Japanese Yen 0.561 0.562
Hong Kong dollar 7.77 7.82
Singapore dollar 36.40 36.50
Malaysian Ringgit 15.85 15.90
U A E Dirham 16.52 16.55
Saudi Riyal 16.16 16.19
Kuwaiti Dinar 207.20 207.30
Indian Rupee 1.41 1.44
Norwegian Krone 9.40 9.45
Qatari Riyal 16.63 16.66
Omani Riyal 157.15 157.25
Thai Bhat 1.52 1.57
-------------------------------------------------
Remittance KKI Buying KKI Selling
-------------------------------------------------
US $ TT 60.60 60.80
US $ Draft 60.60 60.80
=================================================

MARKET ANALYSIS: Dollar continued to enjoy gains versus the nationalcurrency in the kerb today. The dollar also remained strong in the international market. The dollar started new week's trading at its week end closing rate of Rs 60/45, extended its gains by changing hands at Rs 60/55, Thus, the rupee lost 0/10 in the dealings. Overall, rupee remained under pressure.

Copyright Business Recorder, 2005

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