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Currency futures for January expiry trade stronger with 2.13% increase in OI

The partially convertible rupee is currently trading at 67.8850, stronger compared to its Thursday’s close at 67.96. The rupee opened at 67.83 and touched day’s high of 67.92 and low of 67.8025.

The January currency future was trading at 68.02 with a spread of 0.0025 and a volume of 287268. The contract opened stronger at 67.9975 compared to its previous closing of 68.1150. The open interest (OI) stood at 1,753,626 up by 2.13% compared to its previous close of 1,717,030.

The rupee had closed at 67.96 on Thursday, while the Reserve Bank of India’s (RBI) reference rate stood at 67.7884.

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