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Our Correspondent

Kottayam , Oct. 11

RUBBER rates were static on Monday. Both buyers and sellers kept on the sidelines waiting for the market to move according to their calculations.

Tyre majors were reported to have given quotations at Rs 51.50 for sheet rubber but growers were not interested to sell their stock. All the grades closed at Saturday's quotes while the weather continued to favour the producing sector.

The NMCE futures showed a mixed trend on Monday. The October delivery was quoted at Rs 53.89 (Rs 54.00), November delivery at Rs 53.00 (Rs 53.80), December delivery at Rs 53.59 (Rs 53.51) and January delivery at Rs 54.61 (Rs 54.44) per kg for RSS 4.

The market opened on a positive note but suffered later on selling from traders.

At Bangkok, RSS 3 was steady at Rs 57.78 a kg as on Friday. The TOCOM remained closed on account of Health and Sports day.

The spot market rates per kg were as follows: RSS 4 Rs 51.50 (Rs 51.50); RSS 5 Rs 50.00 (Rs 50.00); ungraded Rs 48.00 (Rs 48.00); ISNR 20 Rs 50.00 (Rs 50.00);latex 60% Rs 39.00 (Rs 39.00).

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