Support also been seen after dollar dropped against major currency after the conclusion of its September meeting on Wednesday, the US Federal Open Committee (FOMC) kept the Federal Funds rate unchanged at 0.25-0.5 percent as widely expected but laid down the groundwork for an increase in the coming months.

Copper on MCX settled up 1.26% at 326.75 reached its highest level since August following the Federal Reserve’s decision to keep interest rates steady, which led to the dollar selling off. Also sentiments improved and traders are buying metals on optimistic outlook for demand in China after recent data pointed to a pickup in the construction market. In trade data, Chinese imports of unwrought copper and copper alloy rose 1.5 percent year-on-year but fell 3.2 percent month-on-month to 300,000 tonnes in August, according to the country’s General Administration of Customs. 

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