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Currency futures trade stronger, OI increases by 2.01%

The partially convertible rupee is currently trading at 66.2075, stronger compared to its Friday’s close at 66.59. The rupee opened at 66.1825 and touched day’s high of 66.2450 and low of 66.1800.

The March currency future was trading at 66.3225 with a spread of 0.0025 and a volume of 370768. The contract opened stronger at 66.31 compared to its previous closing of 66.7250. The open interest (OI) stood at 1,515,039 up by 2.01% compared to its previous close of 1,485,251.

The rupee had closed at 66.59 on Friday, while the Reserve Bank of India’s (RBI) reference rate stood at 66.6880.

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