Published on 2009-07-01 13:26:27
Singapore - India August MCX copper futures up 1.2% at INR245.30/kg, tracking 1.4% rise in LME. "Weak dollar and positive China purchase data have been supporting" prices, says Kapil Gandhi, trader with STCI Commodities; China purchasing managers' index improved to 53.2 in June vs 53.1 in May, suggesting recovery in economy. Traders eyeing U.S. pending home, auto sales data, to be released later today. Gandhi expects contract to test INR 248 resistance later today.
http://www.moneycontrol.com/commodity/comm_news.php?autono=100989&type=MKT
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