Base metals prices on the London Metal Exchange (LME) showed mixed trends on the last trading day.
LME’s three-month copper futures fell 0.47%, nickel up 0.32%, aluminium decreased by 1.05%, zinc rose by 1.26% and lead down by 1.44%.
On MCX, aluminium was up by 0.8%, nickel increased slightly by 1.5%, lead edged down by 0.1%, copper fell by 0.3%, and zinc increased by 1.4%.
SHFE copper slid 0.14%, aluminium rose 0.38%, lead jumped 0.52%, and zinc added 1.7%.
Stock levels mostly down
Copper and nickel stocks at LME-registered warehouses decreased by up to 3.4% d-o-d in the last session. However, zinc and lead stocks remained stable while aluminum spiked by 16.9% yesterday.
Oil prices rise
Meanwhile, brent oil futures rose 3% to $93 per barrel, while crude oil WTI futures were up 4% at $86 per barrel at the time of reporting.
Currency exchange – INR plunges to 83 against USD
The rupee plunged 61 paise to nearly the 83-mark for the first time against the US dollar.
Besides, rising crude oil prices in the international markets weighed on the local currency, SteelMint figured out.
The dollar index, which gauges the value of the dollar in a basket of six different currencies, hovered at around 112.86, down marginally by 0.11% against the last session.
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