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Currency futures trade weaker; OI declines by 2.01%

20 Jan 2014 Evaluate

The partially convertible rupee is currently trading at 61.6150, weaker compared to its Friday’s close at 61.55. The rupee opened at 61.6525 and touched day’s high of 61.6625 and low of 61.5725.

The January currency futures were trading at 61.7150 with a spread of 0.0050 and a volume of 202447. The contract opened weaker at 61.7125 compared to its previous closing of 61.6325. The open interest (OI) stood at 480,820 down by 2.01% compared to its previous closer of 490702.

The rupee had closed at 61.55 on Friday, while the Reserve Bank of India’s (RBI) reference rate stood at 61.3518.

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