Spot rubber ended in the negative zone on Tuesday. RSS 4 surrendered to ₹130 (131) a kg as reported by traders and the Rubber Board. The grade was quoted at ₹126 (127) a kg by dealers. The absence of local guidance through exchange trade on account of Holi took the steam out of the market. RSS-3 (spot) weakened to ₹114.54 (116.05) per kg at Bangkok. The March futures improved to ₹113.12 (111.77), April to ₹114.24 (113.07) and May to ₹115.44 (115.17) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (131); RSS-5: 125 (126); ISNR 20: 117 (117.5); and Latex (60 per cent drc): 84.5 (84.5)
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.