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Aravindan

Kottayam, Sept. 20 The rubber prices declined following widespread losses in global indices mainly TOCOM which lost ground on long liquidation to book profits at higher levels. The domestic spot market slipped on buyer resistance and sheet rubber RSS 4 weakened to Rs 89.50 from Rs 90 a kg both at Kottayam and Kochi. Major manufacturers stayed inactive and the transactions were in a low key. There was no selling pressure from growers or dealers.

The futures market made all-round declines though the fundamentals remained unchanged on Thursday. The October contract on NMCE weakened to Rs 87.60 (88.38), November to Rs 85.18 (85.95), December to Rs 85.27 (85.94) and January contract to Rs 85.76 (86.20) per kg for RSS 4.

Spot prices were (Rs/kg): RSS-4: 89.50 (90); RSS-5: 87 (87.50); ungraded: 84.50 (85); ISNR 20: 86 (86.50) and latex 60 per cent: 60.50 (60.50).

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