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Aravindan

Kottayam, Sept. 11 The news of lower stocks in warehouses kept the domestic rubber rates firm on Tuesday. In the physical front, RSS 4 bounced back to Rs 88 and Rs 88.50 a kg respectively at Kottayam and Kochi from Rs 87 per kg on Monday. Though the international indices were not so promising, the market reacted sharply to the immediate shortage of the raw material. The prices are expected to cool down once the September contracts expire on 15th, an observer from futures said.

The rubber futures continued the bull run on NMCE. The September contract moved up to Rs 90.61 (89.11), October to Rs 84.10 (83.64) November to Rs 82.75 (82.02) and December to Rs 82.30 (81.98) per kg for RSS 4. The September contract finished the session at Rs 86.35 (85.84) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 88 (87); RSS-5: 86 (84.50); ungraded: 81 (80); ISNR 20: 85.50 (84) and latex 60 per cent: 60.50 (60).

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