Rupee likely to remain strong: Subramaniam Sharma

Excerpts from Bazaar on CNBC-TV18 Watch the full show » Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

Subramaniam Sharma, Greenback Forex Services said that, "The rupee is likely to remain strong and could gain further after S&P revised India's rating to stable. Positive sentiment in domestic equity market driven by inflows, a weaker euro and importer demand at lower levels could cap rupee's gain and could halt its appreciation. The range for the day is seen between 45.30-45.55/$."