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Currency futures trade weaker, OI declines by 0.31%

The partially convertible rupee is currently trading at 64.2350, weaker compared to its Thursday’s close at 64.07. The rupee opened at 64.2450 and touched day’s high of 64.27 and low of 64.1650.

The August currency future was trading at 64.3475 with a spread of 0.0025 and a volume of 322802. The contract opened weaker at 64.3675 compared to its previous closing of 64.1650. The open interest (OI) stood at 1,125,932 down by 0.31% compared to its previous close of 1,129,426.

The rupee had closed at 64.07 on Thursday, while the Reserve Bank of India’s (RBI) reference rate stood at 63.9437.

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