Monday, 2 May 2011

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India: Copper futures likely trade lower on MCX

  • Monday, 2 May 2011
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  • AHMEDABAD (Commodity Online): MCX Copper June contract fell last week ignoring the often supportive influence of a weaker dollar, as technical pressures mounted and U.S. data offered further evidence of slowing economic conditions. Copper futures was down overnight after data showed inflation pressures on the rise in the euro zone, upping the chances of an interest rate increase in June. In



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