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Aravindan

Kottayam May 7 Spot rubber improved on Monday. Positive signals from the global rubber indices set the trend of the day and covering groups and purchase agents remained rather active on sheet rubber. The grade improved to Rs 85.50 from Rs 85 and Rs 84.75 a kg respectively at Kottayam and Kochi. The trend was mixed.

Futures quiet

On the contrary, the rubber futures continued to remain subdued on NMCE. The May contract was quoted atRs 85.11 (85.48), June at Rs 87.90 (88.05), July at Rs 89.86 (90.19) and August at Rs 90.41 (91.03) per kg for RSS 4. The market was almost steady, but a late selling pressure hammered the contracts towards the fag end of the session.

The June contract for RSS 4 finished at Rs 88.16 against Rs 88.29 a kg on MCX.

Spot rubber prices were (Rs/kg): RSS-4: 85 (84.75); RSS-5: 84 (83.75); Ungraded: 82.50 (82); ISNR 20:83.50 (83.50) and Latex 60 per cent: 63.15 (63.15).

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