Rubber Future Gains

Kottayam: Spot rubber improved on Aug 6. RSS 4 settled higher at Rs 91 and Rs 92 a kg against Rs 89.50 and Rs 90 a kg, respectively, at Kottayam and Kochi. The rubber futures gained sharply breaking the initial upward limit of 2 per cent on the NMCE. The August contract increased to Rs 93.41 (Rs 89.82), September to Rs 88.16 (Rs 84.77), October to Rs 85.49 (Rs 82.53) and November to Rs 83.90 (Rs 81.75) per kg for RSS 4. The August contract increased to Rs 91.60 from Rs 88.18 a kg on MCX. The open interest on NMCE was 6,522 tonnes (6,611 tonnes) with 2,301 tonnes (2,485 tonnes) in August, 2,520 tonnes (2,476 tonnes) in September, 1,256 tonnes (1,218 tonnes) in October and 445 tonnes (432 tonnes) in November.