Rubber inches up

RSS 4 improved to ₹125 from ₹124 and ₹123 a kg respectively, according to traders and the Rubber Board. The grade was firm at ₹122 (₹120), according to dealers. The market opened better and improved further on covering purchases tracking the moderate gains in futures. There were no fresh enquiries from the tyre sector but most traders seemed to be optimistic about the Government’s decision to support the farmers. November futures increased to ₹124.44 (₹122.91), December to ₹123.50 (₹121.90) on the National Multi Commodity Exchange. RSS 3 (spot) closed at ₹102.22 (₹99.58) at Bangkok. October futures closed at ¥179.6 (₹103.03) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 125 (124); RSS-5: 118 (117); Ungraded: 112 (111); ISNR 20: 108 (105.50) and Latex (60% drc): 80 (80).