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Our Correspondent

Kottayam , Dec. 14

RUBBER rates continued to remain steady on Tuesday. Since buyers were keeping a low profile, market appeared rather inactive with declining volumes. Mild selling from traders was also visible at the existing levels though the arrivals were reported to be narrow.

The NMCE futures turned bullish reacting sharply to a better TOCOM closing. The December delivery was quoted at Rs 53.38 (52.14), January delivery at Rs 53.80(53.75), February delivery at Rs 54.90 (54.54) and March delivery at Rs 55.80 (55.58) per kg for RSS 4.

The volumes improved on short covering coupled with fresh buying from traders.

RSS 3 closed steady at Rs 52.70 a kg at Bangkok.

At TOCOM, the January futures for the same grade closed at 128.2 yen against 124 yen a kg on Monday.

The spot market rates per kg on Tuesday were as follows: RSS 4 Rs 51.75 (51.50); RSS 5 Rs 48.75 (48.75); ungraded Rs 47 (47); ISNR 20 Rs 49.25 (49.25); latex 60 per cent Rs 39 (39).

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