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Copper recovers in futures trade on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:18 AM IST

Copper traded a shade higher by 0.13 per cent, to Rs 352.95 per kg in futures trade today tracking firming trend at the London Metal Exchange supported by weakening dollar amid hopes of pick up in demand.

At the Multi Commodity Exchange counter, contract for November delivery edged higher by 45 paise, or 0.13 per cent, to Rs 352.95 per kg, with a business turnover of 3,060 lots.   

The metal for delivery in February contract also rose by 45 paise, or 0.11 per cent, to Rs 355.15 per kg, with a turnover of 133 lots.

Analysts said the the rise in copper futures was attributed to a firming trend overseas as weak dollar raised commodities' appeal as an alternative investment and the US Federal Reserve's statement that it is willing to ease monetary policy further to spur growth.

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First Published: Sep 22 2010 | 12:07 PM IST

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