Aluminium futures traded higher on MCX, in conjunction with positive international rates amidst weaker dollar and firm demand from industrial consumers. Besides, narrowed inventory levels and stringent supplies also triggered upward trend.
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The contract for January delivery was trading at Rs 243.30 up by 0.37% or Rs 0.90 from its previous closing of Rs 242.40. The open interest of the contract stood at 3239 lots.
The contract for February delivery was trading at Rs 243.00 up by 0.48% or Rs 1.15 from its previous closing of Rs 241.85. The open interest of the contract stood at 985 lots on MCX.
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