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Copper futures fell by 0.21% to Rs 407.90 per kg today as speculators engaged in reducing exposures amid a weak trend in base metals overseas.
At the Multi Commodity Exchange, copper for delivery in February 2015 eased by 85 paise, or 0.21%, to Rs 407.90 per kg in a turnover of 414 lots.
The metal for delivery in far-month April shed 35 paise, or 0.08%, to Rs 412.15 per kg in a business volume of seven lots.
Analysts said besides subdued demand at domestic spot markets from consuming industries, weakness in select base metals at the London Metal Exchange (LME) as investors await interest rate guidance from the US Federal Reserve, mainly led to a fall in copper prices at futures trade here.
Globally, copper for delivery in three months traded $9.50 lower at $6,355 per tonne at the LME, while in Shanghai, the metal for February delivery slipped by 0.30% to 45,760 yuan ($7,392) a tonne.
