CURRENCY FUTURES FOR APRIL EXPIRY TRADES WITH 4.04% GAIN IN OI
Date: 09/04/2012
The partially convertible rupee was currently trading at 51.27, weaker compared to its Wednesday’s close at 51.05/06. The rupee opened at 51.40 and has touched a high and low of 51.40/41 and 51.24 respectively.
The April currency future was trading at 51.52/53 with a spread of 0.0025 and a volume of 427,140. The contract opened weaker at 51.57/58 against its previous closing of 51.36/37. The open interest (OI) stood at 1,228,873 up by 4.04% compared to its previous close of 1,181,070.
The rupee had closed at 51.05/06 on Wednesday, while the Reserve Bank of India’s (RBI) reference rate was at 51.04/05 for Wednesday.
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