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Sunday, October 24, 2021

India: Rubber firms up on bullish signals

Spot rubber prices were firm on Thursday. The market opened steady but regained strength during late trading hours tracking the sustained gains in global trendsetters. RSS 4 improved to ₹140 (₹139) a kg, according to traders. The grade finished flat at ₹139 and ₹136 respectively, according to the Rubber Board and dealers. January futures slid to ₹138.30 (₹139.82), February to ₹143.40 (₹143.88), March to ₹146.88 (₹147.30)on the National Multi Commodity Exchange. RSS 3 (spot) improved to ₹157.85 (₹155.29) at Bangkok. January futures firmed up to ¥ 272.1 (₹158.60) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 140 (139); RSS-5: 130 (130); Ungraded: 118 (117); ISNR 20: 128 (126) and Latex (60% drc): 84 (83.50).

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