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March currency future trades stronger with 0.67% increase in OI

The partially convertible rupee is currently trading at 65.41, stronger compared to its Wednesday’s close at 65.69. The rupee opened at 65.38 and touched day’s high of 65.4450 and low of 65.22.

The March currency future was trading at 65.53 with a spread of 0.0025 and a volume of 712503. The contract opened stronger at 65.50 compared to its previous closing of 65.8150. The open interest (OI) stood at 1,495,247 up by 0.67% compared to its previous close of 1,485,236.

The rupee had closed at 65.69 on Wednesday, while the Reserve Bank of India’s (RBI) reference rate stood at 65.5146.

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