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Commodity News Details
Copper swells 1%, INR strength caps advnaces in local futures
19-Dec-2025 17:19
COMEX Copper futures edged up impressively today, nearing four and half month high as firm Asian equities boosted the red metal. Firm overnight cues propped up China's Shanghai Composite index up 0.36% while Hong Kong's Hang Seng index rose 0.75%. The spotlight was on Japan though as Nikkei average jumped 1% as the yen weakened after the Bank of Japan raised its key policy rate 25 bps to 0.75 percent, its highest level since September 1995. US markets gained overnight, with the Nasdaq soaring 1.40%, while the S&P 500 and Dow Jones gained 0.79% and 0.14% respectively. Copper found this comforting and is currently trading at $5.49 per pound, up 1% on the day. MCX Copper is trading at Rs 1113.85 per kg, up 0.19% as gains were curbed due to firm Indian Rupee. Rupee witnessed yet another spurt today amid a strong undertone in local equities. INR added 53 paise to 89.67 per US dollar, hitting one week high.

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