The partially convertible rupee is currently trading at 54.97/98, weaker compared to its Thursday’s shut at 54.70. The rupee opened at 54.87 and touched day’s high regarding 55.02 and low of 54.87.
The November currency future was trading at 55.11/12 among a spread of 0.0025 and a volume of 483,419. The contract opened weaker at 54.98 against its antecedent closing of 54.91/92. The open interest (OI) stood at 1,449,653 increase by 3.69% compared to its previous close of 1,397,980.
The rupee had closed at 54.70 on Thursday, while the Reserve Bank of India’s (RBI) reference rate stood at 54.95/96.
SINGAPORE: The euro fell against the dollar after German Finance Minister Wolfgang Schaeuble said euro zone finance ministers ended their discussions on the next tranche about loans to Greece without agreement on Wednesday, with plans to meet again next Monday.
The euro hit an intraday low after Schaeuble’s comments further was last down 0.4 percent from late U.S. trade on Tuesday at $1.2773. http://www.indiancurrencyfutures.com/
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