India: Spot rubber stays steady

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Spot rubber was almost steady on Thursday. RSS 4 continued to rule unchanged at ₹160 a kg, according to traders and the Rubber Board. Certain tyre companies were the buyers. February futures dropped to ₹157.17 (159.09), March to ₹164.06 (166.79), April to ₹170.70 (173.58) and May to ₹175.88 (176.79) per kg on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹192.49 (194.61) a kg at Bangkok. February futures slid to to ¥330 (₹197.86) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 160(160); RSS-5: 150 (152); Ungraded: 130 (130); ISNR 20: 149 (150) and Latex (60% drc): 101.50 (101.50).