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Aravindan

Kottayam March 15 Spot rubber improved in tune with international indices. The day's trend was set by Japanese futures, which managed to finish marginally in green followed by Yen's decline against dollar and a bullish mood in gold and oil futures

RSS 4 moved up to Rs 87.50 and Rs 88 respectively at Kottayam and Kochi from Rs 87 a kg on Wednesday. The market recorded all-round gains, while covering groups remained active at lower levels. The trend was mixed as ISNR 20 and latex closed unchanged on low demand.

Futures better

The futures market ruled better on Thursday. The ongoing up trend could only be considered as a technical bounce back, an analyst said. The April contract for RSS 4 finished better at Rs 90.45 against Rs 89.34 a kg on MCX.

The March contract for the grade expired at Rs 86.90 (85.01) a kg, while the near month April contract improved to Rs 90.21 (88.93), May contract to Rs 94.40 (92.44) and June to Rs 97.55 (95.62) per kg on NMCE.

Spot rubber prices were (Rs/kg): RSS-4: 87.50 (87); RSS-5: 86.50 (86); ungraded: 85.50 (85); ISNR 20: 86 (86) and Latex 60 per cent: 62.10 (62.10).

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