Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (November 05, 2006).
Thus, rupee incurred a loss of 0/02 paisa against dollar. On the international desks, the dollar rose the most in four weeks against the yen and strengthened versus the euro after a government report showed the U.S. unemployment rate declined to a five-year to low. The payrolls report suggested inflation will remain a greater threat to the economy than traders had speculated because of job creation, increased hourly earnings and a lower unemployment. Traders cancelled bets a slowdown in the world's largest economy will push the Federal Reserve to cut borrowing costs from a 5 1/2-year high yearly next year.