MCX-SX CURRENCY TIPS 28 MAY 2012

CURRENCY DAILY REPORT

                                                                                                                            28 MAY – 2012

CURRENCY RESISTANCE & SUPPORT LEVELS

SCHEME	R1	R2	R3	R4	S1	S2	S3	S4
USD INR	55.4675	55.2583	55.3017	55.1142	55.6550	55.6333	56.0517	56.2392
EUR INR	69.8125	69.6667	69.8333	69.7708	69.8750	69.7917	70.0833	70.1458

PRE MARKET NEWS RUPEE OPENS AT 55.24 PER DOLLAR "Hopes of more measures from RBI could ease the pressure on the rupee. Any move to increase diesel or gas prices would be taken positively. Equity market action will also impact the currency. The range for the day is seen between 54.90-55.50/USD."