Nickel futures flat on global cues 21/03/2017

Nickel futures flat on global cues
21/03/2017 16:53
Nickel futures were flat during evening trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal on muted physical demand on worries 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, nickel futures for March 2017 contract is trading flat at Rs 664 per kg after opening at Rs 666.90, against a previous close of Rs 664. It touched the intra-day low of Rs 662 (at 16:52 hours).