MCX - SX CURRENCY TIPS 12 JUN 2012

CURRENCY DAILY REPORT

                                                                                                                            12^th JUNE– 2012

CURRENCY USDINR, EURINR JUNE FUT  RESISTANCE & SUPPORT LEVELS

SCHEME	R1	R2	R3	R4	S1	S2	S3	S4
USD INR	55.2525	55.0225	54.8400	54.5200	55.5725	55.6625	56.1200	56.4425
EUR INR	69.6950	69.4825	69.2950	68.9925	70.0000	70.0925	70.5150	70.8200

PRE MARKET NEWS RUPEE OPENS AT 55.80 PER DOLLAR The Indian rupee opened at 55.80 per dollar versus 55.73 yesterday. "I expect the rupee to be weak on global cues. We are not expecting any major surprise on the IIP data and it is seen at 1%. The currency may range between 55.90- 56.50/USD."