Home Global rubber market news India: Rubber skids on weak global cues

India: Rubber skids on weak global cues

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KOTTAYAM, AUGUST 10:  

Spot rubber continued to remain weak as bearish international prices have kept domestic rates under pressure. RSS 4 slid to Rs 118.50 (Rs 119) a kg, according to traders and the Rubber Board. The grade weakened to Rs 115.50 (Rs 116) as quoted by the dealers. August futures declined to Rs 117.30 (Rs 118.56), September to Rs 117 (Rs 118.18) and October to Rs 116.56 (Rs 118.01) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to Rs 99.64 (Rs 99.52) at Bangkok. August futures closed at ¥184.6 (Rs 94.58) a kg on the Tokyo Commodity Exchange. Spot rubber rates (Rs /kg): RSS-4: 118.50 (119); RSS-5: 115 (116); Ungraded: 103 (103); ISNR 20: 105 (105) and Latex 60%: 87.50 (90).

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