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Date: 24-Mar-2017:



USDINR opened at 65.51 and closed at 65.41 on Metropolitan Stock Exchange of India In India.


Friday, January 4, 2013

Copper Fell By The Most In Two Weeks


Copper fell by the most in two weeks, paring a weekly gain, as industrial metals dropped after U.S. Federal Reserve policy makers said they will probably end their $85 billion monthly bond-purchase program sometime this year.

Copper for delivery in three months on the London Metal Exchange lost as much as 1.3 percent to $8,058 a metric ton, the most since Dec. 20, and was at $8,070 at 1:19 p.m. in Shanghai, paring a second straight weekly advance to 2.3 percent. Futures on the Comex in New York fell 1.1 percent to $3.6750 a pound.

Federal Open Market Committee minutes released yesterday for a Dec. 11-12 meeting showed members who provided estimates were “approximately evenly divided” between those who said it would be appropriate to end the purchases around mid-2013 and those who said should continue beyond that date. The Dollar Index gained as much as 0.4 percent to 80.672 today.

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