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07-Sep2016

Cotton futures edge down on sluggish demand

Cotton futures edged down on MCX due to sluggish demand from traders and stockists in the spot market. Though, some losses were capped on reports of damage due to Tropical Storm Hermine came in from major growing regions in the US.

The contract for October delivery was trading at Rs 19800.00, down by 0.60% or Rs 120.00 from its previous closing of Rs 19920.00.The open interest of the contract stood at 3248.00 lots.

The contract for November delivery was trading at Rs 18740.00, down by 0.64% or Rs 120.00 from its previous closing of Rs 18860.00. The open interest of the contract stood at 2018.00 lots on MCX.


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