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Spot rubber closed unchanged on Thursday. Traders were in a holiday mood, it being Maundy Thursday. According to observers, the market is likely to remain range-bound till Monday, and it would remain closed on the 22nd owing to Good Friday. The volumes were dull.
Sheet rubber finished flat at Rs 240 a kg amid scattered transactions. The grade was steady at Rs 239 a kg both at Kottayam and Kochi, as reported by the Rubber Board.
In futures, the May series closed at Rs 243.75 (Rs 244.61), June at Rs 248.59 (Rs 248.78), July at Rs 249 (Rs 249.58), August at Rs 241 (Rs 242.90), September at Rs 233.80 (Rs 232.65) and October at Rs 232.50 (Rs 233) a kg for RSS-4 on the National Multi-Commodity Exchange.
The volumes totalled 6,018 lots and open interest 7,113 lots. The turnover was Rs 146.99 crores.
RSS-3 (spot) slipped to Rs 262.16 (Rs 263.02) a kg at Bangkok. The April futures for the grade weakened to ¥445 (Rs 240.48) from ¥454.9 a kg during the day session, but recovered partially to ¥452 (Rs 244.26) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 240 (240); RSS-5: 236 (236); ungraded: 222 (222); ISNR 20: 233 (233) and latex 60 per cent: 147 (147).
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