Indian metal index slips as stronger dollar weighs on base metal prices

Steel Authority of India

18/11/2025 05:13

** Indian metal sub index .NIFTYMET falls the most among 16 major sectors to 1.5%

** Prices for base metals like copper and aluminium extended fall pressured by a stronger dollar MET/L

** A stronger dollar makes commodities transacted in the greenback more expensive to investors using other currencies

** Policymakers at the U.S. Federal Reserve remain divided on a December interest rate cut

** Steel Authority of India SAIL.NS  falls the most in the index, trading down 2.8%

** Hindustan Copper HCPR.NS and Hindustan Zinc HZNC.NS decline 2.75% and 2.5% respectively

** YTD, sub index up 19.5%, slightly more than double of the benchmark index's .NSEI growth of 9.5%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))