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Aravindan

Kottayam March 31 The last day of the financial year witnessed a firm closing in physical rubber prices. The covering groups and purchase agents kept the prices slightly higher hoping a better opening on Monday. RSS 4 moved up to Rs 94 from Rs 93.50 a kg at Kottayam, while the grade was steady at the same rate at Kochi.

Futures gain

The futures market also showed a positive trend in the weekend session. The April contract on NMCE concluded at Rs 93.30 (92.87), May at Rs 96.99 (96.54), June at Rs 100.19 (99.55) and July at Rs.101.45 (100.51) a kg for RSS 4. The volumes totalled 879 (1,581) tonnes.

The open interest was 12,431 (12,522) tonnes with 4578 tonnes in April, 5332 tonnes in May, 2044 tonnes in June and 477 tonnes in July.

Spot rubber prices were (Rs/kg): RSS-4: 94 (93.50); RSS-5: 93 (92.50); ungraded: 92 (91.50); ISNR 20: 92.75 (92.50) and latex 60 per cent: 64.20 (64.20).

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Spot rubber gains on covering purchases

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