MCX Copper futures edged higher today tracking a weak undertone in the Indian rupee and rising lows from yesterday's close of Rs 450 per kg levels. Goods facilitates global markets as investors but to the U.S. FOMC meet starts today. The undertone in Asian shares mostly weak and copper is easier in accordance with all risky assets. The U.S. dollar is also adding its three-week highs against the euro before the Fed and could on these profits, as is the case most of the time, when the Fed's monetary policy statement revealed. COMEX copper is down 0.20% to $ 3.2155 per pound of copper, while MCX is quoted at Rs 458.20, up Rs 0.95 per kg or 0.21% on the day.
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This post has been edited by anamika vishwas: Sep 17 2013, 09:11 AM