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Currency futures trade stronger, OI declines by 0.73%

The partially convertible rupee is currently trading at 65.4225, stronger compared to its Friday’s close at 65.47. The rupee opened at 65.38 and touched day’s high of 65.4725 and low of 65.37.

The March currency future was trading at 65.49 with a spread of 0.0025 and a volume of 250825. The contract opened stronger at 65.49 compared to its previous closing of 65.5725. The open interest (OI) stood at 1,428,778 down by 0.73% compared to its previous close of 1,439,336.

The rupee had closed at 65.47 on Friday, while the Reserve Bank of India’s (RBI) reference rate stood at 65.5411.

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