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Currency futures trade stronger, OI declines by 5.89%

The partially convertible rupee is currently trading at 64.8325, flat compared to its Thursday’s close at 64.83. The rupee opened at 64.73 and touched day’s high of 64.8475 and low of 64.68.

The May currency future was trading at 64.9025 with a spread of 0.0025 and a volume of 419748. The contract opened stronger at 64.8475 compared to its previous closing of 64.9300. The open interest (OI) stood at 915,408 down by 5.89% compared to its previous close of 972,682.

The rupee had closed at 64.83 on Thursday, while the Reserve Bank of India’s (RBI) reference rate stood at 64.3441.

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