Comments
Spot rubber closed firm on Wednesday. According to market circles, the commodity regained strength on rumours that the Government has given specific instructions to procure rubber to stabilise the prices. RSS 4 was quoted firm at ₹120 (₹119) a kg, by traders. The grade improved to ₹119.50 (₹119) and ₹116.50 (₹116) respectively according to the Rubber Board and the dealers. May futures increased to ₹121.50 (₹120.55), June to ₹123.81 (₹123.38) and July to ₹124.06 (₹124.63) on the National Multi Commodity Exchange. April futures closed at ¥206.5 (₹108.62) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 120 (119); RSS-5: 114 (113); Ungraded: 105 (103); ISNR 20: 104 (103.50) and Latex (60% drc): 85 (84).
Comments
COMMENT NOW
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.