KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 01, 2007).
RUPEE/US DOLLAR: Rupee made a solid comeback against in the open market this week decline in demand of dollar. The US dollar opened new day's trading at Rs 61/15 on Monday, shed significant grounds and was changing hands at Rs 60/95 at close of markets on Saturday. Thus, rupee gained 0/20 paisas versus dollar in the kerb dealings.
Overall, rupee ended the week on upbeat note against greenback in the kerb market. On the international desk, the dollar fell down to the lowest level in more than three weeks against the euro after reports showed the Federal Reserve's preferred measure of inflation slowed in May and consumer spending rose less than economists' forecasts.
RUPEE/EUROThe Single currency continued to appreciated against the national currency in the open market dealings. The 13-nation currency commenced new week's trading at Rs 82/00, gained 0/05 paisas and changing hands at Rs 82/05 at close of markets on Saturday.
RUPEE/POUND STERLINGThe British Pound showed a mixed trend against rupee in the kerb market dealings. Pound sterling commenced new week's trading at Rs 121.80 and on Saturday was trading at the same price.