Zinc futures keep head above water 21/03/2017

Zinc futures keep head above water
21/03/2017 16:47
Zinc futures were trading higher during evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal on weakness in the US dollar after Chicago Fed President Charles Evans reinforced the perception that the US central bank won't accelerate the pace of its interest rate hikes.
The greenback hurt after the Fed's Evans on Monday repeated the central bank's call for two more interest rate increases this year.
At the MCX, zinc futures for March 2017 contract is trading at Rs 186.75 per kg, up by 0.32 per cent, after opening at Rs 185.60, against a previous close of Rs 186.15. It touched the intra-day high of Rs 187.25 (at 16:47 hours).