June Currency Futures Rise, Rupee Weakens

June currency futures strengthen with a 0.34% rise in open interest, despite the Indian rupee opening weaker against the US dollar. Market analysis.

Rupee Dips as Futures Gain

June currency futures are trading stronger, even as the partially convertible rupee opened weaker today. Open interest in these futures saw a notable increase.

The Numbers

The rupee is currently at 94.6550, weaker than Monday’s close of 94.58.
It opened at 94.69, hitting a day’s high of 94.7175 and a low of 94.53.
June currency futures traded at 94.6350, with a spread of 0.0025 and a volume of 47,340.
The contract opened at 94.78, weaker from its previous close of 94.6950.
Open interest (OI) reached 28,37,869, up 0.34% from its previous close of 28,28,179.