Wednesday, August 6, 2008

Rubber Falls On Global Cues - Aug 06 , 2008

Kottayam: Spot rubber gave up on Aug 5. The sentiments were led by the losses in world indices, which decline deeply in, to the negative territory following falls in oil and precious metals futures. RSS 4 declined to Rs 136 from Rs 137.50 a kg amidst improved volumes. The session saw better arrivals from growers while major consuming industries turned inactive letting the market to fall on renewed selling pressure. Spot rates were (Rs/kg): RSS-4: 136 (137.50); RSS-5: 134 (135); ungraded: 128 (131.50); ISNR 20: 133 (134.50) and latex 60 per cent: 85 (87).

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