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).
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