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Our Correspondent

Kottayam , Dec. 8

THE domestic rubber market turned steady on Wednesday as world markets began to lookup after a steep fall on Tuesday. Covering groups were seen more active but keen not to enhance the quotations. Sellers were waiting for a recovery from current levels and RSS 4 closed at Rs 50.00 a kg as on the previous day.

The NMCE futures showed a positive trend on Wednesday.The December delivery was quoted at Rs 51.35 (51.26), January delivery at Rs 52.50(52.26), February delivery at Rs 53.79 (53.37) and March delivery at Rs 54.54 (54.41) per kg for RSS 4.The volumes also improved on fresh buying and short covering from traders.

Reflecting the overseas mood, RSS 3 improved to Rs 52.47 from Rs 52.06 a kg at Bangkok and to 122.6 yen against 121.6 yen a kg for its January futures at TOCOM.

The spot market rates per kg were as follows: RSS 4 Rs 50 (50); RSS 5 Rs 48 (48); ungraded Rs 46.25 (46.25); ISNR 20 Rs 48.50 (48.50); latex 60 per cent Rs 38.50 (38.50).

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