Rubber settles lower

The Tokyo Commodity Exchange rubber contract for February delivery was down ¥5.6 a kg to settle at ¥191 per kg. It fell to an intraday low of ¥190.8. Investors sold contract to stop losses as they saw the yen rising against the dollar.

The benchmark RSS4 grade rubber closed at `.124 a kg at Kottayam, while RSS3 grade closed at `.102.82 a kg at Bangkok and Malaysian SMR20 closed at `.94.76 a kg. On National Multi Commodity Exchange September 2014 futures were trading at `.117.64 a kg, October at `.117, November at `.117 and December at `.117.40 a kg, at 15.30 IST. On Tokyo Commodity Exchange, September 2014 futures series closed at ¥181 a kg, October at ¥181.2, November at ¥184.2, December at ¥187, January 2015 at ¥189.6 and the contract for delivery in February 2015 closed at ¥191 a kg.

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