The Hindu Business Line : Rubber futures turn weak

The rubber futures turned weak on NMCE. Traders preferred to reduce their holdings as the reports from leading intentional markets were discouraging. Though the near months June and July contracts finished in green on lingering concern over a tight natural rubber supply, the far months fell back on heavy long liquidation at TOCOM. According to sources, the day's fall was attributed to the yen's climb against dollar and the sharp declines in gold and platinum futures. The June contract was traded at Rs 109.35 (Rs 110.81), July at Rs 112.35 (Rs 113.43), August at Rs 108.48 (Rs 109.39) and September contract at Rs 103.60 (Rs 104.64) per kg for RSS 4.

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