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Currency futures trade stronger, OI declines by 2.12%

The partially convertible rupee is currently trading at 68.0875, stronger compared to its Wednesday’s close at 68.33. The rupee opened at 68.1300 and touched day’s high of 68.1300 and low of 68.0700.

The January currency future was trading at 68.1950 with a spread of 0.0050 and a volume of 377559. The contract opened stronger at 68.2750 compared to its previous closing of 68.4625. The open interest (OI) stood at 1,939,003 down by 2.12% compared to its previous close of 1,980,927.

The rupee had closed at 68.33 on Wednesday, while the Reserve Bank of India’s (RBI) reference rate stood at 68.2276.

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