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Aravindan

Kottayam June 18 A better closing in leading international indices kept the domestic rubber firm on Monday. Sellers retreated as monsoon showers intensified giving bullish hopes though there was news on fresh imports.

Futures gain

The futures market reacted more favourably to the global recovery while the physical rubber prices were in mixed trend lacking proper buying support from major consuming sectors. Sheet rubber improved to Rs 80.50 a kg both at Kottayam and Kochi from Rs 80 a kg on the previous weekend. The July contract for RSS 4 improved to Rs 83.40 (81.64), August to Rs 84.30 (82.71), September to Rs 83.25 (81.77) and October contract to Rs 81.50 (80.13) per kg for on NMCE. Spot prices were (Rs/kg): RSS-4: 80.50 (80); RSS-5: 79.25 (79.25); ungraded: 78.50 (78); ISNR 20: 79 (79) and latex 60 per cent: 60 (60).

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