Kottayam, March 27:
Spot rubber closed steady on Wednesday.
The commodity lost its direction in the absence of local guidance as the National Multi Commodity Exchange was closed for Holi.
The market was in a holiday mood prior to Maundy Thursday and Good Friday. Volumes were dull.
Sheet rubber closed flat at Rs 167.50 a kg, according to traders.
The grade finished unchanged at Rs 168 a kg both at Kottayam and Kochi, as quoted by the Rubber Board.
RSS 3 (spot) improved to Rs 160.97 (Rs 160.43) a kg at Bangkok.
April futures for the grade weakened to ¥264.5 (Rs 152.54) on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were: RSS-4: 167.50 (167.50); RSS-5: 164.50 (164.50); Ungraded: 162 (162); ISNR 20: 162 (162) and Latex 60%: 111 (111).
Source: Business Line
