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Monday, January 24, 2022

India: Rubber rules flat

Spot rubber closed unchanged on Tuesday. The daily reference price for RSS 4 was quoted marginally higher at ₹134.40 (₹133.80) a kg by the Rubber Board. The grade was steady at ₹128, according to traders. There were no enquiries from major consuming industries and the market lost its direction amidst extremely low volumes. April futures declined to ₹124.40 (₹126.56), May to ₹126.40 (₹127.95) and June to ₹127.50 (₹129.20) on the National Multi Commodity Exchange. RSS 3 (spot) inched up to ₹111. 99 (₹111.52) at Bangkok. March futures closed at ¥218.5 on the Tokyo Commodity Exchange. Spot rubber rates (₹/ kg): RSS-4: 128 (128); RSS-5: 111 (111); Ungraded: 102 (102); ISNR 20: 104.50 (104.50) and Latex (60% drc): 78.50 (78.50).

– The Hindu

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