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Currency futures for December expiry trade stronger with 0.88% increase in OI

The partially convertible rupee is currently trading at 89.2450, weaker compared to its Wednesday’s close at 89.2275. The rupee opened at 89.19 and touched day’s high of 89.2575 and low of 89.19.

The December currency futures were trading at 89.38 with a spread of 0.0025 and a volume of 25,731. The contract opened flat at its previous closing of 89.41. The open interest (OI) stood at 13,46,833 up by 0.88% compared to its previous close of 13,35,134.