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Profit booking is seen internationally in crude oil and copper, but the fall is restricted on the Indian markets due to depreciation in the Indian rupee.
Crude oil on MCX is currently trading at Rs 7192 per barrel, down by 0.06 %, while copper is trading at Rs 495.45 per kg, down by 0.1 %.
Yesterday, data that was released by Europe and China was supportive for the upward movement of crude oil and copper.
"Weakness in the rupee will provide and tensions in Syria may cause crude oil to touch $109 per barrel internationally and RS 7300 per barrel on the Indian market," said Ajay Kedia of Kedia Commodities.
Gold on the Indian market is also seeking support from the rupee depreciation and hence it is still trading on the higher side.
