Nickel has been one of the underperformer among the metals space and
has lost 11 percent this year in spot markets. The prices of spot Nickel
closed at Rs 819.1 per kg on 18 June 2013. Nickel is in contango
considering the futures prices that are ruling at Rs 828.6 per kg. The
prices were static in the morning hours of trade on MCX though some
recovery is expected as the day progresses that too on account of Rupee
tracking further losses against the Dollar. The INR was trading at 58.76
against the Dollar. Source by Commodity Insights
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