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Aravindan

Kottayam, Aug. 27 The rubber futures turned better on Monday. Though most of the traders were in a holiday mood owing to Onam, sentiments remained positive following a better closing in global futures. The transactions were narrow.

The September contract improved to Rs 85.10 from Rs 84.49 a kg on MCX. On NMCE, the near month September contract finished better at Rs 85.51 (84.73), October contract at Rs 80.90 (80.28), November at Rs 80.05 (79.35) and December contract at Rs 79.90 (79.43) per kg for RSS 4. The transactions were quoted at 760 (642) lots.

The open interest stood at 4,874 (4,958) lots with 2,508 (2,604) lots in September, 1,616 (1,612) lots in October, 601 (595) lots in November and 149 (147) lots in December on NMCE.

The September futures for RSS 3 firmed up to 240.5 Yen (Rs 84.83) a kg from 236 Yen a kg at TOCOM. According to reports the trendsetter finished higher ridden by a bullish mood in gold and oil futures

The spot rubber market was closed on account of Onam.

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Dispense with futures trading in rubber: CRMA

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