BS reported that Indian copper prices fell by 0.43% to INR 400.95 per kilogram in futures trade as speculators reduced positions amid weak global cues.
At the Multi Commodity Exchange, copper for delivery in April traded lower by INR 1.75, or 0.43%, to INR 400.95 per kilogram in business turnover of 1,155 lots. Similarly, the metal for delivery in far-month June was down by INR 1.45, or 0.36%, to INR 404 per kilogram in 22 lots.
Analysts attributed the fall in copper futures to weak global trend with China to post factory and retail sales data amid concerns that the slowdown in Asia's largest economy is worsening.
Besides, subdued demand in the spot market also put pressure. Meanwhile, copper for delivery in three months traded little changed at USD 6,507.75 at London Metal Exchange.
