India: Spot rubber price improves

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improved on Thursday. RSS 4 firmed up to 128 (127) and 127.50 (127.00) per kg respectively, according to traders and the Board. The market regained strength on covering purchases as sellers stayed back owing to supply concerns. March futures closed at 126.90 (126.66) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) inched up to 124.64 (124.45) at Bangkok. March futures weakened to 112.11 (112.98) on the Commodity Exchange (TOCOM). Spot rubber rates (/kg) : RSS-4: 128 (127); RSS-5: 124 (122.50); ISNR 20: 123 (122) and Latex (60% drc): 82.50 (82.50).

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