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MCX Copper in red as INR rallies further

20-Sep-24 17:21 Hrs IST

COMEX Copper consolidated near two month high after rising in last few days. The counter trades at $4.36 per pound right now, up 0.35% on the day. Equities showed a mixed performance today, capping gains in the red metal. In Asia, China's Shanghai Composite index closed flat. Hong Kong's Hang Seng index spiked 1.36%. Japan's Nikkei 225 index jumped 1.53%. European market slipped ahead of weekend after large gains in last session. US stocks soared yesterday, with the Dow and the S&P 500 reaching new record closing highs. MCX Copper futures are trading at Rs 813.40 per kg, down 0.12% on the day as firm Indian Rupee capped gains. INR hit a two month high of 83.48 per US dollar, keeping local Copper futures in red despite positive cues from global futures.

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