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Our Correspondent

Kottayam, Nov. 20 Spot rubber increased further on Friday. According to observers, the market moved in tandem with the domestic futures as it recorded moderate gains in all contracts during the session. Sheet rubber firmed up further to Rs 114.50 from Rs 112.50 a kg on fresh buying, coupled with short covering. Widespread rains were reported once again from most of the plantation areas and major manufacturers still preferred to stay on the sidelines.

RSS 3 closed at Rs 120.97 (Rs 120.12) a kg on Singapore Commodity Exchange (SICOM). The grade moved up to Rs 119.96 (Rs 119.25) a kg at Bangkok.

The December futures for RSS 4 improved to Rs 118.35 (Rs 116.56) and January to Rs 120.50 (Rs 118.63 a kg on the National Multi-Commodity Exchange .

RSS 3 declined with the November futures slipping to ¥230.0 (234.5) (Rs 120.61), December to ¥237.0 (238.8)and January to ¥237.0 (238.0) on Tokyo Commodity Exchange.

Spot prices (Rs a kg) were: RSS- 4 : 114.50 (112.50) RSS-5 : 108.50 (108) Ungraded : 107 (105) ISNR 20 : 107.50 (106.50) and Latex 60 per cent : 70 (70).

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