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Aravindan

Kottayam , Dec. 14

The rubber futures showed a bullish trend on Thursday. The market followed the direction set by Japanese indices but it appeared that the domestic energy levels were a bit high, an analyst said.

On NMCE, the December delivery contract improved sharply to Rs 89.25 (Rs 87.00), January contract to Rs 89.60 (Rs 87.27), February contract to Rs 91.90 (Rs 88.84) and March contract to Rs 93.40 (Rs 90.24) per kg for RSS 4. The trading volumes were 5,146 (3,641) tonnes and open interest 6,844 (6,594) tonnes.

Jan contract better

The January contract for the grade closed better at Rs 88.69 a kg against Rs 86.67 a kg on MCX. The transactions totalled 489 (603) tonnes.

The January futures for RSS 3 firmed up to 197.4 Yen (Rs 75.17) a kg from 195.5 yen a kg at TOCOM. RSS 3 declined to Rs 75.37 a kg from Rs 76.14 at Bangkok spot.

The spot rubber market remained closed on account of a nation-wide harthal.

More Stories on : Rubber

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