New Delhi, Mar 28 (PTI) Copper futures traded 0.06 per cent lower at Rs 430.50 today as speculators reduced their exposure at prevailing levels even as metal strengthened overseas.
In futures trading at Multi Commodity Exchange, copper for delivery in April fell 25 paise, or 0.06 per cent, at Rs 430.50 per kg in a business turnover of 1,079 lots.
Metal for delivery in far-month June fell by a similar margin to quote at Rs 435.50 per kg in 17 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators who scaled down their positions at the existing levels but a firm trend at the London Metal Exchange (LME) as the dollar weakened.
A weaker greenback makes metals cheapper for holders of other currencies and support prices.
At the LME, three-month copper was up 0.2 per cent at USD 6,665 per tonne.
This is published unedited from the PTI feed.