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Currency futures trade stronger, OI increases by 1.7%

The partially convertible rupee is currently trading at 65.12, tad stronger compared to its Wednesday’s close at 65.13. The rupee opened at 65.14 and touched day’s high of 65.1625 and low of 65.09.

The October currency future was trading at 65.2450 with a spread of 0.0025 and a volume of 402102. The contract opened weaker at 65.3475 compared to its previous closing of 65.2875. The open interest (OI) stood at 1,617,353 up by 1.7% compared to its previous close of 1,590,269.

The rupee had closed at 65.13 on Wednesday, while the Reserve Bank of India’s (RBI) reference rate stood at 65.2691.


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