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Currency futures for May expiry trade stronger with 2.64% increase in OI

The partially convertible rupee is currently trading at 70.2450, stronger compared to its Tuesday’s close at 70.44. The rupee opened at 70.3200 and touched day’s high of 70.3200 and low of 70.2150.

The May currency futures were trading at 70.37 with a spread of 0.0075 and a volume of 474955. The contract opened stronger at 70.5000 compared to its previous closing of 70.5875. The open interest (OI) stood at 2,101,218 up by 2.64% compared to its previous close of 2,047,121.

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