Monday, September 15, 2014

Start of consolidation period


Inflation fell sharply to a nearly five-year low at 3.74% in August 2014, as compared to 5.19% in July and 6.99% compared to same month of 2013. The annual rate of inflation, based on the final index, for June was revised to 5.66% from 5.43% reported on that date.

Department of Official Language under Ministry of Home Affairs, Government of India has awarded Indira Gandhi Rajbhasha Award (second prize) to Rubber Board of India for excellence in implementation of official language policy. Dr. A. Jayathilak, Chairman-Rubber Board received the award from the Hon’ble President of India - Pranab Mukherjee in a function held at Rashtrapathi Bhavan.

The benchmark RSS4 grade rubber closed at `.122.50 a kg at Kottayam, while RSS3 grade closed at `.100.19 a kg at Bangkok and Malaysian SMR20 closed at `.92.26 a kg. On National Multi Commodity Exchange September 2014 futures closed at `.121.55 a kg, October at `.121.52, November at `.121.68, December at `.122.10 and January 2015 closed at `.121.58 a kg. Tommorrow the market may touch a low of `.120 a kg for September contract and may close in green. On Tokyo Commodity Exchange, tommorrow the market is expected to touch a low of  ¥191 a kg for February contract and most probably may close around ¥193 a kg.

For 2014-15 Rubber Forecast, http://rubber4u.com/Public/RForecast.pdf

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