MCX Copper gains as INR crashes near 95 per US dollar

COMEX Copper slipped today amid sustained worries on the US-Iran war front. Asian shares were mixed today. China's Shanghai Composite index added 0.63%. Hong Kong?s Hang Seng index rose 0.38%. Japan?s Nikkei average eased 0.43% amid rising bond yields. However, European stocks stayed under pressure ahead of weekend. US stocks slipped yesterday amid sustained war related uncertainty. The Nasdaq and the S&P 500 dropped to their lowest closing levels since early last September. COMEX Copper futures are trading at $5.47 per pound, down marginally on the day. However, MCX Copper futures are trading at Rs 1148.70 per kg, up 0.86% on the day after INR slumped near 95 per US dollar mark. It hit highs around Rs 1156 per kg earlier in the session.

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