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19-Feb2019

Copper futures trade tad higher on pick up in demand

Copper futures traded marginally higher on MCX, with the technical buying at prevailing lower rates after better than expected lending data in China, the world's largest consumer, bolstered the demand outlook. However, slowing global economic growth capped the upside.

The contract for February delivery was trading at Rs 448.10, up by 0.08% or Rs 0.35 from its closing of Rs 447.75.The open interest of the contract stood at 11004 lots.

The contract for April delivery was trading at Rs 452.50, up 0.09% or Rs 0.40 from its previous closing of Rs 452.10. The open interest of the contract stood at 3820 lots on MCX.





 


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