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Aravindan

Kottayam April 6 The domestic rubber futures improved further on Friday. The market gained strength as the Japanese trend setter finished higher in all contracts. The last traded price for RSS 4 in the most active May delivery was Rs 97.89 against Rs 97.04 a kg on MCX.

The April contract for the grade was quoted better at Rs 94.85 (94.15), May at Rs 98.75 (97.39), June at Rs 102.50 (100.96) and July at Rs 103.60 (102.32) per kg on NMCE. The volumes were 688 (1,128) lots, while the open interest was 12,685 (12,660) lots with 4267 lots in April, 5394 lots in May, 2475 lots in June and 549 lots in July. According to sources, the market participation was extremely low owing to Easter holidays. The May futures for RSS 3 firmed up to 277.3 Yen (Rs 99.71) from 274 Yen a kg at TOCOM. The spot market remained closed on account of Good Friday.

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