The nearest expiration date for USDINR Futures is Apr 28, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell USDINR Futures before Apr 28, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For USDINR Futures this number is 94.00 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for USDINR Futures shows that traders are closing their positions, which means a weakening trend.