Sunday, August 30, 2009

India lead futures likely up on weak INR

Published on 2009-08-31 09:38:26



Singapore - India September MCX lead futures likely up on 0.4% decline in INR. "Also, supply concerns over closure of Chinese lead smelters will support the prices. Most of the other metals will be range-bound as LME is closed today," says STCI Commodities trader Kapil Gandhi. Lead last settled INR103/kg, aluminum INR91.90/kg, zinc INR90.90/kg and nickel INR940.10/kg.

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