On Saturday (07 August 2010), the spot rubber prices declined following the news that Government was considering a proposal to allow imports of limited quantity of NR at lower duty. Sheet rubber decreased to Rs 186 from Rs 189 per kg mainly in buyer resistance.
The August futures for RSS 4 declined to Rs 187.30 (190.42), September to Rs 172.56 (176.80), October to Rs 163.20 (167.05) and November to Rs 160.70 (164.50) a kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 186 (189); RSS-5: 177 (179.50); ungraded: 166 (169); ISNR 20: 157 (159) and latex 60 per cent: 106 (107).
(indiainfoline.com)
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