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Currency futures for December expiry trade weaker with 1.23% decrease in OI

The partially convertible rupee is currently trading at 89.76, weaker compared to its Monday’s close at 89.6850. The rupee opened at 89.67 and touched day’s high of 89.78 and low of 89.59.

The December currency futures were trading at 89.8425 with a spread of 0.0025 and a volume of 1,43,391. The contract opened flat at its previous closing of 89.7525. The open interest (OI) stood at 16,19,320 down by 1.23% compared to its previous close of 16,39,455.