Indian soyoil futures fall, tracking Malaysian palm

NEW DELHI: Indian soyoil futures were set to close lower on Monday, tracking rival Malaysian palm.

Malaysian palm oil futures fell from a one-week high on Monday evening, weighed down by a stronger ringgit, which makes the tropical oil more expensive for holders of foreign currencies.

Indian December soyoil futures were down 0.2 percent at 730 Indian rupees ($11.34) per 10 kg on the National Commodity and Derivatives Exchange as of 1227 GMT.

Rapeseed futures fell 0.7 percent to 4,077 rupees, while the December soybean futures closed 1.5 percent higher at 3,076 rupees.