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May currency futures trade weaker, OI increases by 2.63%

The partially convertible rupee is currently trading at 69.9550, weaker compared to its Thursday’s close at 69.94. The rupee opened at 70.0425 and touched day’s high of 70.0750 and low of 69.9400.

The May currency futures were trading at 70.1025 with a spread of 0.0050 and a volume of 564921. The contract opened almost flat compared to its previous closing of 70.1075. The open interest (OI) stood at 1,951,401 up by 2.63% compared to its previous close of 1,901,315.

The rupee had closed at 69.94 on Thursday, while the reference rate stood at 69.8685.

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