May 26, 2010, 07.58 AM IST

Rupee to remain in range between 47.20-47.80/$: Brahmbhatt

The dollar is likely to remain strong in the short-term on weakness in global markets and on consideration that it acts as a safe currency during global economic crisis. However, fundamentals of the rupee remain strong. The range for the day is seen between 47.20-47.80/$, says Pramit Brahmbhatt, CEO, Alpari India.

Pramit Brahmbhatt, CEO ,Alpari India

Expertise : Currencies

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Rupee to remain in range between 47.20-47.80/$: Brahmbhatt

The dollar is likely to remain strong in the short-term on weakness in global markets and on consideration that it acts as a safe currency during global economic crisis. However, fundamentals of the rupee remain strong. The range for the day is seen between 47.20-47.80/$, says Pramit Brahmbhatt, CEO, Alpari India.

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Like this story, share it with millions of investors on M3

Rupee to remain in range between 47.20-47.80/$: Brahmbhatt

The dollar is likely to remain strong in the short-term on weakness in global markets and on consideration that it acts as a safe currency during global economic crisis. However, fundamentals of the rupee remain strong. The range for the day is seen between 47.20-47.80/$, says Pramit Brahmbhatt, CEO, Alpari India.

Post your opinion here

 

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