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Our Correspondent

Kottayam , April 2

THE spot rubber market continued with its rising trend on Friday.

The covering groups lifted prices further amidst low arrivals. All the grades except latex moved up on better quotations offered by covering groups and purchase agents. "The news about the scarcity of rubber guide market movers to offer higher rates," dealers said. Their assessment is duly supported by declining arrivals of the raw material.

Sheet rubber RSS 4 closed at Rs 56.75 a kg against Rs 56.50. The Bangkok RSS 3 improved by 17 paise to Rs 58.61 from Rs 58.44 and the TOCOM May futures features for the same grade was better at 146.8 yen against 145.9 yen on Thursday.

The rubber futures were steady on Friday. The April delivery was quoted at Rs 57 (Rs 56.72), May delivery at Rs 59.10 (Rs 59.12), June delivery at Rs 61.15 (Rs 60.99) and July delivery at Rs 61.55 (Rs 61.52) per kg for RSS 4.

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