Reuters reported that India's copper futures are likely to edge higher following an upside in the London market, but a strong rupee is seen capping the upside.
Analysts said that the most active copper for June delivery MCCc1 on the Multi Commodity Exchange closed down 0.24% at INR 408.7 per kilogram in the previous session.
London copper rose half a percent on Monday, buoyed by a softer dollar and expectations that the Federal Reserve will continue to supply liquidity to the market. The rupee, which plays an important role in determining the landed cost of the dollar quoted red metal and gold, rose in early trades on Monday.
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