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India February MCX zinc futures likely down on sharp 0.4% rise in INR, tracking weak LME Select.
"Metals are due for profit-taking after sharp rally in the past week," says Mumbai-based analyst; most metals up around 6%-10% in past week. Other metals also likely down; zinc last closed flat at INR108.15/kg, nickel at INR851.10/kg, lead at INR108.50/kg while aluminium closed at INR97.25/kg.
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