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Our Correspondent

Kottayam , Dec. 6

THE domestic rubber market maintained the steady trend on Monday. Scattered buying from the covering groups and purchase agents kept the sheet rubber price slightly high at Rs 50.25 (50) a kg, while the other grades closed unchanged on Saturday.

Buyers seemed to be waiting for a meltdown in prices, while growers were not interested to sell.

The National Multi-Commodity Exchange (NMCE) futures stayed in tune with the physical rubber market, since the reports from the overseas markets were almost stable. The December delivery was quoted at Rs 51.49 (51.38), January delivery at Rs 52.40 (52.60), February delivery at Rs 53.26 (53.71) and March delivery at Rs 54.35 (54.55) per kg for RSS 4.The transactions were in a low key. At TOCOM, the January futures for RSS 3 closed at 125.6 yen against 126 yen on Friday.

The spot rubber rates per kg were as follows: RSS 4 50.25 (50); RSS 5 48.50 (48.50); ungraded 46.25 (46.25); ISNR 20 49.00 (49) and latex 60 per cent 38.50 (38.50).

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