Financial Daily from THE HINDU group of publications
Wednesday, Jul 21, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 21, 2004 |
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Agri-Biz & Commodities
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Rubber Spot rubber rates rule steady Our Correspondent
Kottayam , July 20 THE physical rubber rates maintained a steady trend on Tuesday. The trading volume declined in the absence of active participants. According to an analyst, any sharp rise from the current levels could be ruled out since an improvement in arrivals is expected in the weeks ahead. The rubber futures remained weak. The near month August delivery was quoted at Rs 64.75 (Rs 64.94), September at Rs 60.51 (Rs 60.93), October at Rs 57.75 (Rs 58.28) and November at Rs 56.98 (Rs 57.19) per kg for RSS 4. The spot market rates per kg on Tuesday were as follows: RSS 4 Rs 67 (Rs 67); RSS 5 Rs 65 (Rs 65); ungraded Rs 62 (Rs 62); ISNR 20 Rs 58.50 (Rs 58.50); and latex 60% Rs 48 (Rs 48).
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