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Currency futures for March expiry trade weaker with 3.19% decrease in OI

The partially convertible rupee is currently trading at 93.9475, weaker compared to its Tuesday’s close at 93.76. The rupee opened at 93.94 and touched day’s high of 93.9650 and low of 93.91.

The March currency futures were trading at 93.9450 with a spread of 0.0075 and a volume of 2,36,885. The contract opened at 93.85 weaker from its previous closing of 93.7525. The open interest (OI) stood at 22,44,678 down by 3.19% compared to its previous close of 23,18,757.