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Currency futures trade stronger, OI increases by 0.73%

The partially convertible rupee is currently trading at 64.53, stronger compared to its Tuesday’s close at 64.63. The rupee opened at 64.60 and touched day’s high of 64.6025 and low of 64.52.

The April currency future was trading at 64.5925 with a spread of 0.0050 and a volume of 163977. The contract opened flat compared to its previous closing of 64.6825. The open interest (OI) stood at 1,154,055 up by 0.73% compared to its previous close of 1,145,668.

The rupee had closed at 64.63 on Tuesday, while the Reserve Bank of India’s (RBI) reference rate stood at 64.5657.

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