Currency futures or JSW Steel reports Trade on Monday

Currency futures trade weaker, OI increases by 1.55%

The partially convertible rupee is currently trading at 68.67, weaker compared to its Friday’s close at 68.42. The rupee opened at 68.49 and touched day’s high of 68.6750 and low of 68.49.

The July currency futures were trading at 68.8175 with a spread of 0.0050 and a volume of 514500. The contract opened weaker at 68.7400 compared to its previous closing of 68.6125. The open interest (OI) stood at 1,680,108 up by 1.55% compared to its previous close of 1,654,473.

JSW Steel reports crude steel production of 4.24 MT in Q1 FY20

JSW Steel has reported crude steel production of 4.24 million tonnes (MT) for Q1 FY2019-20, registering a growth of 3% over the corresponding quarter of FY2018-19.

The production of rolled products (long) increased to 1.05 MT in Q1 FY20 as compared to 0.93 MT in Q1 FY19, representing a surge of 12%. The production of rolled products (flat) stood at 2.91 MT in Q1 FY20 as compared to 2.87 MT in Q1 FY19, representing a rise of 1%.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel, and flat steel products.

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