Nickel futures edged lower on MCX as participants cut down their bets amid easing demand from alloy-makers and other consuming industries in the domestic spot market.
The contract for July delivery was trading at Rs 635.70, down by 1.12% or Rs 7.20 from its previous closing of Rs 642.90. The open interest of the contract stood at 17638 lots.
The contract for August delivery was trading at Rs 640.70, down by 1.08% or Rs 7.00 from its previous closing of Rs 647.70. The open interest of the contract stood at 7594 lots on MCX.