Rubber rates remained to rule weak on Oct 13. RSS 4 declined to Rs 81 from Rs 83 a kg on purchaser resistance. The domestic market seemed blind folded as the trend setting Tokyo Commodity Exchange (TOCOM) remained ended on account of Health and Sports Day.
The falling trends in oil prices triggered by global recession and declining international markets contributed the steep decline from Rs 142 a kg to Rs 81. Meanwhile in the international front, RSS 3 (spot) plunged to Rs 97.10 from Rs 103.59 a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 81 (83); RSS-5: 79 (80); ungraded: 74 (75); ISNR 20: 78 (79) and latex 60 per cent: 70 (70).
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