Rubber Rates Rule Steady

Kottayam: Physical rubber rates were quoted firm on April 5. Sheet rubber RSS 4 completed firm at Rs 94.50 a kg both at Kottayam and Kochi as on April 4. The April contract was quoted at Rs 94.20 (Rs 93.89), May at Rs 97.29 (Rs 96.97), June at Rs 100.62 (Rs 100.04) and July at Rs 102.35 (Rs 101.48) a kg for RSS 4. The open interest remained steady at 12,660 (12,660) lots with 4312 lots in April, 5,369 lots in May, 2,434 lots in June and 545 lots in July. The April delivery contract for RSS 4 increased to Rs 94.20 from Rs 93.41 a kg at MCX. In the international scene, RSS 3 fell to Rs 99.59 a kg from Rs 100.72 a kg at Bangkok. The spot rates were (in Rs/per kg): RSS-4: 94.50 (94.50); RSS-5: 93.50 (93.50); Ungraded: 92.50 (92.50); ISNR 20: 93.25 (93.25) and Latex 60%: 64.70 (64.70).