India: Spot rubber rules steady

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continued to rule steady on Monday. 4 was unchanged at ₹114 a kg, according to . “We can not expect the to recover unless the makers come forward to procure the raw material at the prevailing levels,” a dealer said.

There were no fresh factors to set a definite in the and it lost direction possibly in the absence of local guidance as the domestic futures remained closed on ICEX owing to Ramzan Id (Idu’L Fitr).

RSS 3 weakened at its May futures to ₹95.64 (96.35) and June to ₹96.56 (98.11) per kg on the Commodity Exchange ().

Spot rubber rates (₹/kg) follow: RSS-4: 114 (114); RSS-5: 108 (108); ISNR 20: 106 (106) and Latex (60% drc): 80.50 (80.50).

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