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Currency futures trade stronger, OI increases by 0.05%

The partially convertible rupee is currently trading at 68.0525, stronger compared to its Monday’s close at 68.20. The rupee opened at 68.06 and touched day’s high of 68.0650 and low of 67.9825.

The January currency future was trading at 68.2025 with a spread of 0.0025 and a volume of 281270. The contract opened stronger at 68.2175 compared to its previous closing of 68.3800. The open interest (OI) stood at 1,696,247 up by 0.05% compared to its previous close of 1,695,387.

The rupee had closed at 68.20 on Monday, while the Reserve Bank of India’s (RBI) reference rate stood at 68.1863.

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