India: Spot rubber continues to rule firm

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Spot rubber continued to rule firm on Thursday. RSS 4 was quoted marginally higher at ₹125 (124.50) a kg, by traders and the Rubber Board. According to observers, the market improved tracking the moderate gains in global trendsetter. March futures firmed up to ₹127.30 (127.01) on the Indian Commodity Exchange (ICEX). RSS 3 (spot) improved to ₹118.36 (116.85) at Bangkok. February futures flared up to ₹127.34 (124.24) per kg on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg): RSS-4: 125 (124.50); RSS-5: 119 (118); ISNR 20: 117.50 (117) and Latex (60% drc): 83 (82.50).