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Aravindan

Kottayam, June 17 The physical rubber rates improved further on Tuesday. Sheet rubber RSS 4 closed better by 50 paise at Rs 129 (128.50) a kg on scattered trading as there were no quantity sellers or buyers in the market. The prices sustain at these levels since the producing and trading sectors are more confident about the fundamental strength of the market. It is evident now that the international indices act like a basic guideline even in the absence of domestic futures.

RSS 3 moved up at its June contract to ¥347.1 (Rs 137.65) from ¥344.3 and July to ¥347.7 (344.8)a kg on TOCOM. But the grade’s spot slipped marginally to Rs 141.85 (142.08) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 129 (128.50); RSS-5: 125.50 (125); ungraded: 122.50 (122); ISNR 20: 123.50 (123) and latex 60 per cent: 86 (86).

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