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Our Correspondent

Kottayam , July 19

AFTER closing weak on Saturday, the spot rubber market maintained a steady trend on Monday. Reports of widespread rains over certain plantation areas initiated some buying interest on selected grades and sheet rubber closed at Rs 67 on Saturday. According to traders, the prices might be under pressure along with the subsiding monsoon.

The futures market turned weak except for its August delivery, which was quoted better at Rs 65.95 (64.92) a kg on Monday.

The September delivery was quoted at Rs 60.90 (61.18); October delivery at Rs 58.40(58.52) and November delivery at Rs 57.25 (57.69) a kg for RSS 4.

The Monday spot market rates per kg were as follows: RSS 4 67.00 (67.00); RSS 5 65.00 (65.00); ungraded 62.00(62.00); ISNR 20 58.50 (58.50); and latex 60 per cent 48.00(48.00).

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