Kottayam: Rubber rates turned weak on Oct 16. Sheet rubber RSS 4 declined to Rs 84 from Rs 86 a kg on purchaser resistance. The Japanese rubber futures opened lower on heavy long liquidation followed by sharp declines in oil and precious metals futures coupled with Yen's increase against dollar. Spot prices were (Rs/kg): RSS-4: 84 (86); RSS-5: 81.50 (82); ungraded: 78 (80); ISNR 20: 79 (81) and latex 60 per cent: 67.50 (70).
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