On Nov 26, domestic rubber prices fell. Sheet rubber slipped from Rs 67 a kg to Rs 66. Additions to this, there were no fresh quotes from the major manufacturers. Transactions were at a low key. Rubber futures on the Tokyo Commodity Exchange opened lower even after declining six days. Going ahead, Bulls' liquidation was dominant on early trades amidst oil futures' decline and the yen's rise against the dollar. The three most distant contracts regained strength towards the morning close wiping out early losses but slipped back to the minus column once again in the afternoon.
In addition with this, the December futures for RSS 3 slipped further to 120(Rs 62.33) from 122.7 Yen, January to 122.3 (124.5) Yen, February to 124.8 (127.3) Yen, March to 126.4 (128.4) yen, April to 130.3 (131.2) Yen and May to 131.0 (132.8) a kg at TOCOM. RSS 3 (spot) declined to Rs 76.11 (Rs 78.94) a kg at Bangkok. Physical rates Rs a kg were: RSS-4: 66(67); RSS-5: 63.50 (64); ungraded: 61(62); ISNR 20: 63(63.50); and latex 60 per cent: 51(51).
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