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Copper futures edge down on MCX
Apr-21-2017

Copper futures edged down on MCX as investors exited their positions in the industrial metal on diminishing demand amid firmer US dollar. Further, concerns that China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices too fuelled the downtrend.

The contract for April delivery was trading at Rs 363.20, down by 0.26% or Rs 0.95 from its previous closing of Rs 364.15. The open interest of the contract stood at 18917 lots.

The contract for June delivery was trading at Rs 367.30, down by 0.24% or Rs 0.90 from its previous closing of Rs 368.20. The open interest of the contract stood at 2647 lots on MCX.

 

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