CURRENCY DAILY REPORT (30-MAR) GOLDENNIFTY.COM

CURRENCY DAILY REPORT

                                                                                                                             30^TH March – 2012

CURRENCY RESISTANCE & SUPPORT LEVELS SCHEME R1 R2 R3 R4 S1 S2 S3 S4 USD INR 51.7163 51.8367 51.9608 52.1433 51.5338 51.4717 51.2308 51.0483 EUR INR 68.6325 68.7150 68.8300 68.9700 68.4925 68.4350 68.2700 68.1300

PRE MARKET NEWS Bond portfolios set to shine today as RBI embarks on OMO The Reserve Bank yesterday said it will buy Rs 10,000 crore worth of bonds from the market today via open market operations (OMOs). Yields are expected to fall sharply tomorrow, reports Latha Venkatesh. www.goldennifty.com This is the first known instance of the Reserve Bank buying bonds in the last day of the fiscal year. Usually, you buy bonds or increase liquidity in the system because the liquidity is tight or because you want to give a signal to yields, but it rarely ever happens on the last day of the fiscal year  www.goldennifty.com