CURRENCY FUTURES FOR APRIL EXPIRY TRADES WITH 7.01% DROP IN OI
Date: 10/04/2012
The partially convertible rupee was currently trading at 51.14/15, flat compared to its Monday’s close. The rupee opened at 51.11 and has touched a high and low of 51.16 and 51.02 respectively.
The April currency future was trading at 51.38 with a spread of 0.0025 and a volume of 469,214. The contract opened weaker at 51.35 against its previous closing of 51.45/46. The open interest (OI) stood at 1,109,176 down by 7.01% compared to its previous close of 1,192,866.
The rupee had closed at 51.14/15 on Monday, while the Reserve Bank of India’s (RBI) reference rate was at 51.27/28 for Monday.
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