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Our Correspondent

Kottayam , Oct. 13

THE domestic spot rubber rates were quoted almost steady on Wednesday.

RSS 4 sustained at current levels on covering purchases from the futures market. Certain societies were also alive in the market while major manufacturers stayed inactive in the absence of a clear trend. The gainers of the day were ungraded and block rubber which moved up a tad by 25 paise while sheet rubber closed unchanged at Rs 52 a kg.

The NMCE futures showed a positive trend on Wednesday quoting the October delivery at Rs 53.50 against Rs 53.77 a kg on Tuesday. The November delivery was quoted at Rs 53.38 (53.28), December delivery at Rs 54 (53.84) and January delivery at Rs 55 (54.84) per kg for RSS 4.

At Bangkok, RSS 3 improved to Rs 57.89 from Rs 57.83 a kg. The November futures for the same grade was static at 142.8 yen a kg at TOCOM. The spot market rates per kg follow: RSS 4 Rs 52 (52); RSS 5 Rs 51 (51); ungraded Rs 49(48.75); ISNR 20 Rs 51 (50.75); latex 60 per cent Rs 40 (40).

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