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Our Correspondent

Kottayam , July 6

SPOT rubber prices posted smart gains on Tuesday. All the grades improved while all-round buying from the covering groups and purchase agents boosted the market sentiments.

Purchases from the non-tyre sector were also strong enough to enhance RSS 5 by Rs 1.50 to Rs 65 as RSS 4 closed at Rs 67.75 (Rs 67.50) a kg on Tuesday.

The futures turned slightly bullish though the reports from the world markets were not so impressive. The July delivery was quoted at Rs 69.25(Rs 58.83), August delivery at Rs 64.46 (Rs 64.30), September delivery at Rs 61.00 (Rs 61.00) and October delivery at Rs 59.00 (Rs 59.04) a kg for RSS 4.

The TOCOM August futures for RSS 3 closed at 148.1 yen against 148.2 yen a kg. In Bangkok, RSS 3 slipped to Rs 61.49 against Rs 62.26 a kg on Friday.

The spot market rates per kg were as follows: RSS 4 Rs 67.75 (Rs 67.50); RSS 5 Rs 65.00 (Rs 63.50); ungraded Rs 62.50 (Rs 62.00); ISNR 20 Rs 60.00 (Rs 59.00); latex 60 per cent Rs 49.50 (Rs 49.00).

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