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Our Correspondent

Kottayam , Nov. 3

THE physical rubber rates were quoted steady on Wednesday. The market showed signs of recovery in the absence of sellers at lower levels. The covering groups and purchase agents began to chase the arrivals, and rubber, practically, was not available at the prices quoted.

Sheet rubber RSS 4 closed at Rs 52.75 a kg on Tuesday amidst low volumes. According to traders, the prices may not drift further since covering purchases are expected to emerge at current levels.

NMCE futures turned better, quoting the November delivery at Rs 54.25 (53.99) a kg with moderate volumes. The December delivery was quoted at Rs 55.00 (54.70), January delivery at Rs 55.92 (55.71) and February delivery at Rs 57.01 (56.89) per kg for RSS 4.

At Bangkok, RSS 3 improved to Rs 58.00 from Rs 57.70 on Tuesday. TOCOM was closed on Wednesday.

The spot market rates per kg: RSS 4: 52.75 (52.75), RSS 5: 51.50 (51.50), ungraded: 49.00 (49.00), ISNR 20: 52.00 (52.00), latex 60%: 40.00 (40.00)

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