Weekly quote on rubber and forecast By Anu V Pai, Commodity Research Analyst
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Below are Weekly quote on rubber and forecast from Anu V Pai, Commodity Research Analyst
"Natural rubber traded on a firmer note and posted gains in the week gone by buoyed by a seasonal decline in supplies from some of the key natural rubber producing countries, rise in crude oil prices along with the US stimulus plans. In the Indian market, RSS4 grade rubber in the key Kottayam market was quoted at Rs.169 a kg, its highest level since Sep 2013. Fall in supplies along with strong demand bolstered the commodity apart from the cues from the overseas market. In the week ahead, while the sentiments are expected to stay sanguine, profit booking may emerge"
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