MCX
Copper on a high
Copper is set to scale new heights with a fall in inventories inevitable in the coming days.
Copper traded Rs 1.95, or 0.62 per cent, higher in futures trading this week after its stockpiles, monitored by the London Metal Exchange, declined to a seven-month low, indicating rise in demand.
Steel prices may fall by Rs 1,000/tn in July
India’s domestic steel prices may come down by Rs 1,000 a tonne in July due to sluggish demand mainly from the construction and infrastructure space.
Steel firms have seen prices coming down by up to Rs 6,000 a tonne to around Rs 27,000-33,000 a tonne in past few months as construction work slowed down ahead of monsoon.
Rupee ends higher at 46.76 a dollar
Indian rupee ended higher against the dollar on Friday mainly on weak dollar overseas and gains in domestic shares.At close, the partially convertible rupee was at 46.76 per dollar from Thursday’s close of 46.88 per dollar
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