0

0

0

0

0

0

0

0

0

videos | IST

If dollar rally continues, base metals may witness further weakness, says Emirates NBD

If the dollar continues to rally,  base metals may witness further weakness, said Dharmesh Bhatia, associate vice president, Emirates NBD.
"There is rupee-dollar volatility and the dollar is bouncing back and trying to breach  $95 mark," Bhati said.
On base metal, he said the month of June and July was very volatile. June was rallying and July showed a negative return, Bhatia said adding that in August, the market is expected to be flat and the main reason is rupee.
For short-term, the energy pack will show some kind of firmness, he said.