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Aravindan

Kottayam, Aug. 17 The domestic rubber prices moved down catalysed by weak global futures mainly TOCOM. The trendsetter lost heavily hitting the daily downward limit of 10 yen in all contracts following yen’s sharp climb against dollar and declines in global stock and commodity markets. In fact, its August contract with no daily limits fell even by 12.4 yen on bull liquidation.

The September futures for RSS 3 nosedived to 232.9 Yen (Rs 85.11) a kg from 242.9 Yen a kg at TOCOM. The grade’s spot slipped by 9 paise to Rs 85.99 a kg at Bangkok.

On the physical front, RSS 4 fell to Rs 80.75 and Rs 81 a kg respectively at Kottayam and Kochi from Rs 83 a kg on Thursday. The selling from dealers and growers also had its impact on the price movements as in the past few sessions.

In futures, the September contract moved down to Rs 80.81 (82.36) a kg on MCX. On NMCE, the September contract weakened to Rs 80.87 (81.56), October to Rs 79 (79.54), November to Rs 78.60 (78.68) and December contract to Rs 78 (78.48) per kg for RSS 4. Spot rubber were (Rs/kg): RSS-4: 80.75 (83); RSS-5: 77 (78.50); ungraded: 74.50 (76); ISNR 20: 77.50 (78.75) and latex 60 per cent: 58.95 (58.95).

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