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Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (October 23, 2005).



RUPEE/US DOLLAR: The rupee showed both upward and downward trends versus the dollar in the open market. However, lost 0/05 paisa at close of markets on Saturday. The dollar set off trading at Rs 60/00 on Monday and continued to record gains or desks by touching Rs 60/10 on Thursday. This was the highest price of the dollar against the local currency this week. However, rupee managed to make a comeback by dragging down the dollar at Rs 60/05 at close of markets on Saturday.

RUPEE/EURO: The euro showed a negative trend versus the rupee in the kerb this week. The single currency started off trading at Rs 72/10 on Monday and shed significant grounds by changing hands at Rs 71/40. Thus, the local currency enjoyed a gain of 0/70 paisa at close of markets.

RUPEE/POUND: The cable witnessed both upward and downward trends versus the rupee in the open market this week. However, Pound Sterling remained unchanged at close of market on Saturday. The currency kicked off new week's trading at Rs 105/60, lost grounds in middle by changing hands at Rs 104/55 on Wednesday but recovered losses sharply. Moreover, on Saturday the cable was changing hands at Rs 105/60 against the national currency.

Copyright Business Recorder, 2005


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