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Our Correspondent

Kottayam , Sept. 24

DOMESTIC rubber prices remained firm on Friday. Though the covering groups were rather inactive, enquiries from other sectors helped the market sustain at current levels.

Sheet rubber RSS 4 closed at Rs 51 a kg, against Rs 50.50 on Thursday. While RSS 5 and latex were steady, ungraded and ISNR 20 inched up on purchases from the general rubber goods sector and north Indian buyers.

The futures market appeared steady quoting the near-month October delivery at Rs 53.01(53) a kg.

November delivery was quoted at Rs 53.61 (53.45), December delivery at Rs 53.84 (53.84) and January delivery at Rs 54.79(54.74) a kg for RSS 4.

The market opened slightly better but corrected towards mid-session on profit booking.

At TOCOM, October futures for RSS 3 weakened to 139 yen a kg from 139.2 yen on Wednesday. At Bangkok, RSS 3 was steady at Rs 57.44 a kg as on Thursday.

The spot market rates per kg on Friday were as follows: RSS 4 51 (50.50), RSS 5 49.50 (49.50), Ungraded 48 (47.75), ISNR 20 49 (48.50), Latex 60 per cent 38.50 (38.50).

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