Financial Daily from THE HINDU group of publications
Friday, May 30, 2003
Financial Daily from THE HINDU group of publications Friday, May 30, 2003 |
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Agri-Biz & Commodities
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Rubber Rubber steady Our Correspondent
KOTTAYAM, May 29 RUBBER market remained steady, excepting for RSS 4, which made a retreat in the absence of major buyers. The covering group was also inactive as they had already fulfilled the commitments. The futures market showed a mixed trend on Thursday. The rates quoted were as follows: June delivery - Rs 50.35 per kg; July delivery - Rs 50.90 per kg; August delivery- Rs 49.90 per kg. In the spot market, sheet rubber RSS 4 moved down to Rs 49 per kg from Rs 49.50. All the other grades including RSS 5, ungraded Rubber, ISNR 20 and latex concentrate ruled flat at Rs. 48.50, Rs.48, Rs 48.25 and Rs 38.
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