Copper down 0.59% on global cues

Copper prices fell 0.59 per cent to Rs 337.45 per kg in futures market today as speculators cut down their bets after select base metals weakened in global markets.
At the Multi Commodity Exchange, copper for delivery in April traded lower by Rs 2, or 0.59 per cent, to Rs 337.45 per kg, in a business turnover of 1,343 lots.
Also, metal for delivery in far-month June eased by Rs 1.80, or 0.52 per cent, to Rs 341.95 per kg in 18 lots.
Market analysts said most base metals retreating at the London Metal Exchange (LME) as the prospect of an acceleration in US rate hikes supported the dollar, dampening demand for metals and other commodities, put weighed on copper futures here.

At the LME, copper for three-month delivery was down 0.5 per cent.