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Zinc futures drop 1.56% on global cues, Have a Look!

Zinc futures drop 1.56% on global cues, Have a Look!

Zinc futures were trading lower during evening trade in the domestic market on Thursday as investors & speculators exited their positions in the industrial metal on uptick in the US dollar ahead of the US non-farm payrolls data on Friday.

Traders keenly eyed the February non-farm payrolls data tomorrow as a barometer of the US economy after Fed Chair Yellen said last week that the central bank was poised to lift rates provided jobs & inflation data held upward.

At the MCX, zinc futures for March 2017 contract is trading at Rs 177.20/kg, downward by 1.56 %, after opening at Rs 179.80, against a last close of Rs 180. It touched the intra-day low of Rs 176.55.

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