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Nickel futures edge higher on rising demand

Nickel futures edged higher on MCX as speculators enlarged their holdings, tracking rising demand from alloy-makers and other consuming industries at the spot market.

The contract for September delivery was trading at Rs 902.90, up by 0.20% or Rs 1.80 from its previous closing of Rs 901.10. The open interest of the contract stood at 12775 lots.

The contract for October delivery was trading at Rs 907.60, up by 0.12% or Rs 1.10 from its previous closing of Rs 906.50. The open interest of the contract stood at 399 lots on MCX.

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