Spot rubber ruled steady on Saturday.

The market remained firm on late trades following a better closing in domestic futures, but failed to record further gains on buyer resistance.

Sheet rubber finished unchanged at Rs 181 a kg at Kottayam and Kochi, according to traders and the Rubber Board.

FUTURES GAIN

In the futures market, August contracts improved to Rs 180.98 (Rs 178.80), September to Rs 178.15 (Rs 176.85), October to Rs 177.05 (Rs 176.01) and November to Rs 177.50 (Rs 177.14) a kg on the National Multi Commodity Exchange.

Spot rates were (Rs / kg): RSS-4: 181 (181); RSS-5: 174.50 (174.50); Ungraded: 168 (168); ISNR 20: 167.50 (167.50); and Latex 60%: 128.50 (128.50).

(This article was published on July 28, 2012)
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