RSS 4 improved to ₹130 (₹128) a kg, according to traders. The daily reference price was ₹139.80 (₹138.25) as quoted by the Rubber Board. The grade firmed up mainly on covering purchases at lower levels while the tyre makers continued to stay back in a comparatively dull trading session.
The trend was mixed. February futures improved to ₹123.60 (₹123.13), March to ₹125.33 (₹124.64)on the National Multi Commodity Exchange.
(RSS 3 (spot) firmed up to ₹116.49 (₹115.21) at Bangkok. February futures closed at ¥219.1 (₹114.64) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130(128); RSS-5: 111 (112); Ungraded: 100 (100); ISNR 20: 107 (107) and Latex 60%: 82 (82).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.