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Currency futures trade or Cardamom future trade News Today
Currency futures trade stronger, OI increases by 3.01%-
The partially convertible rupee is currently trading at 70.79, stronger compared to its Friday’s close at 70.92. The rupee opened at 70.9500 and touched day’s high of 70.9800 and low of 70.7625.
The March currency futures were trading at 70.9850 with a spread of 0.0050 and a volume of 682991. The contract opened weaker at 71.1475 compared to its previous closing of 71.1275. The open interest (OI) stood at 1,653,377 up by 3.01% compared to its previous close of 1,605,106.
The rupee had closed at 70.92 on Friday, while the reference rate stood at 70.9696.
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Cardamom futures surge on robust demand-
Cardamom futures surged on MCX, due to frantic buying by stockists and retailers amid restricted supplies from growing regions. Meanwhile, robust demand from domestic and export markets also added upside.
The contract for March delivery was trading at Rs 1523.00, up by 2.98 % or Rs 44.10 from its previous closing of Rs 1478.90. The open interest of the contract stood at 183 lots.
The contract for April delivery was trading at Rs 1480.00, up by 1.38% or Rs 20.20 from its previous closing of Rs 1459.80. The open interest of the contract stood at 24 lots on MCX.
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