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Nickel futures eased 1.55% to Rs 700.80 per kg today as participants reduced their exposure amid a weak trend overseas.
At Multi Commodity Exchange, nickel for delivery in August fell Rs 11, or 1.55%, to Rs 700.80 per kg in a business turnover of 1,777 lots.
The metal for delivery in September fell Rs 10.40, or 1.45%, to trade at Rs 708.50 per kg in a turnover of 84 lots.
Globally, nickel dropped 1.5% at the London Metal Exchange.
Market analysts said besides subdued spot demand at the domestic market, a weak trend in select base metals overseas after manufacturing data in China highlighted weak demand in the world's biggest metal consumer, weighed on nickel futures prices here.
