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Commodity Market : Indian-commodity.com

Friday, November 2, 2007

Rubber Witnesses Upward Trend

Kottayam: The domestic rubber turned better following a sharp increase in global indices. December futures for RSS 3 flared up to 290.6 yen (Rs 98.59) from 282.9 yen a kg at TOCOM. The Japanese trendsetter finished extremely positive hitting the daily upward limit of 8 yen in all distant contracts from January to April 2008. .On NMCE, the November contract improved to Rs 98.70 (97.58), December to Rs 98.86 (98.01), January to Rs 99.90 (98.55) and February to Rs 100.80 (99.94) per kg for RSS 4. The November contract increased to Rs 98.75 from Rs 98.38 a kg on MCX.
Posted by Indian-commodity at 10:31 AM

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