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Spot rubber improved on Wednesday. According to observers, the market regained strength on supply concerns though there was no visible buying pressure in the local trading houses. Meanwhile, latex continued to decline on low demand. RSS 4 firmed up to ₹131 (130) a kg, according to traders and the Rubber Board.
The grade increased to ₹128 (127) as quoted by the dealers. June futures improved to ₹129.85 (128.86), July to ₹134.92 (133.72) on the National Multi Commodity Exchange. RSS 3 (spot) inched up to ₹120.05 (119.92) a kg at Bangkok. June futures recovered to ¥ 223 (₹115.73) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 131 (130); RSS-5: 128 (127); Ungraded: 121 (120); ISNR 20: 121 (120) and Latex 60%: 115 (117).
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