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Select base metals ease on global cues

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Press Trust of India Mumbai

Meanwhile, nickel and copper scrap heavy gained on fresh stockist buying.

The Industrial metals fell, with many investors closing long positions as they waited for a meeting of Central bankers this week for fresh clues on possible monetary stimulus from the US Federal Reserve.

Tin fell by Rs 5 per kg to Rs 1,285 from Monday's closing level of Rs 1,290.

Copper sheet cutting, brass sheet cutting and aluminium utensils softened a rupee per kg each to Rs 463, Rs 328 and Rs 114, respectively.

However, Nickel gained by Rs 5 per kg to Rs 1,075 as against Rs 1,075 previously and Copper scrap heavy inched up by a rupee per kg to Rs 479.

 

  

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First Published: Aug 28 2012 | 4:55 PM IST

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