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Our Correspondent

Kottayam , Aug. 18

PHYSICAL rubber prices were almost steady on Wednesday. The proposed truckers' strike on August 21 continued to cast its shadow over the market while traders appeared reluctant to purchase rubber.

Trading volumes were extremely poor and ungraded rubber lost 50 paise to close at Rs 49.50 a kg amidst low arrivals.

The futures market turned bullish against expectations on Wednesday.

The near month September delivery was quoted at Rs 53.20 (51.76), October delivery at Rs 51.85 (50.70), November delivery at Rs 51.50 (50.52) and December delivery at Rs 51.30 (50.40) per kg for RSS 4.

At Bangkok, RSS 3 closed at Rs 57.68 from Rs 57.72 a kg .

The TOCOM September futures for RSS 3 improved to 137.8 yen from 135.3 Yen a kg on Tuesday.

The spot market rates per kg on Wednesday were as follows: RSS 4 Rs 54.00 (54.00), RSS 5 Rs 52.00 (52.00), ungraded Rs 49.50 (50.00), ISNR 20 Rs 50.25 (50.25) and latex 60% Rs 37.50 (37.50).

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