Oil prices were mixed in Asia today as
traders await the release of US third-quarter growth figures later in the day. Market
opened lower with investors mostly trading cautiously following a weak lead
overnight. Tokyo rubber futures for November fell and closed at ¥248.5 per kg,
as investors shied away from risk due to worries about the health of the global
economy. The price of RSS3 grade at Bangkok closed at `.166.83
per kg. In India, car sales fell 5.4% in September, the second consecutive
monthly slide.
Chennai based Ram Charan Company engaged in
the business of supplying raw materials for rubber, plastic, inks, and adhesive industries,
has signed a deals worth `.120 crore with global industry leaders - with a carbon
black major - Birla Carbon and Lanxess, a global polymer manufacturer, to
promote their products in India.
All eyes will be on the US GDP growth figure,
which will perhaps give a guide for the future plan.
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