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May currency futures trade weaker, OI increases by 0.99%

The partially convertible rupee is currently trading at 70.21, weaker compared to its Friday’s close at 69.92. The rupee opened at 70.1600 and touched day’s high of 70.2400 and low of 70.0950.

The May currency futures were trading at 70.3700 with a spread of 0.0025 and a volume of 644606. The contract opened weaker at 70.4975 compared to its previous closing of 70.0425. The open interest (OI) stood at 1,921,793 up by 0.99% compared to its previous close of 1,903,025.

The rupee had closed at 69.92 on Friday, while the reference rate stood at 69.9212.

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