Market Watch!

Posted by | August 26, 2004 | World | No Comments

The Rupee has ended weaker this week, with dollar gaining strength. This was due to increase in demand of the dollar from the corporates, due to the increased rate of demand against the other currencies. The dollar suffered slightly against the other currencies but the demand for durable goods seems to better the dollar market. Coming to the rupee, though it had opened on a slightly higher note at the beginning of the week, the consecutive demands for dollar, made rupee to suffer and slide down. In case of the East, the Yen suffered against the dollar. The UK currency also suffered, as the housing sector suffered slightly. This is the overall news as far as the Capital Market all over the world is concerned. One needs to watch out for the rupee and see if any consecutive improvements in the various sectors in the country would better its performance by the next fortnight.

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