Copper futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal on diminishing demand amid firmer US dollar.
Further, concerns that China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices, too added to the down move in copper prices.
At the MCX, copper futures for April 2017 contract is trading at Rs 363.40 per kg, down by 0.21 per cent, after opening at Rs 363.40, against a previous close of Rs 364.15. It touched the intra-day low of Rs 363.25 (at 14:58 hours).
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