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Our Correspondent

Kottayam , July 15

THE spot rubber was steady on Thursday.

Traders seemed to be waiting for a clear trend to emerge as sheet rubber RSS 4 closed at Rs 67.50 as on the previous day.

Though the world markets continued to stay bearish, there was no selling pressure in the major trading centres according to certain sources.

The futures market turned positive quoting the near month August delivery at Rs 65.10 (64.68) a kg on Thursday. The September delivery was quoted at Rs 61.50 (61.25) and October delivery at Rs 59.10 (58.84) per kg for RSS 4.

The TOCOM August futures for RSS 3 declined to 134.4 yen from 135.5 Yen on Wednesday.

In Bangkok, RSS 3 closed weak at Rs 59.33 against Rs 59.89 a kg.

The spot market rates per kg follow: RSS 4 67.50 (67.50), RSS 5 65.00 (65.00), ungraded 62.00 (62.00), ISNR 20 59.00 (59.00), latex 60 per cent 49.50 (49.50).

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