MCX Copper in green as INR falters

COMEX Copper futures stayed lax ahead of the weekends. The red metal currently trades at $6.02 per pound, down 1% on the day as broad worries over US-Iran war stayed in place. In Asia, China's Shanghai Composite index eased 0.33% while Hong Kong?s Hang Seng added 0.24%. Japan?s Nikkei average gained around 1% to hit record high as tech earnings boosted sentiments. European stocks saw subdued moves. German DAX index eased around half a percent. Copper fell in last session as US stock markets dipped from record high as tensions from US-Iran negotiations loomed. The MCX Copper futures are trading marginally higher though as sustained weakness in Indian Rupee played a part in pushing up the counter. The MCX May Copper futures are up 0.26% at Rs 1295.70 per kg.

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