Reserve Bank of India kept its key policy
repo rate unchanged at 8% as expected, but warned about inflationary risks if
there is a shortfall in monsoon rains. It reduced banks minimum bond holding
requirements, known as the statutory liquidity ratio, by half a percentage
point to 22% to free up more money for lending, effective from 9th August 2014.
Today, RSS3 grade closed at `.119.68
a kg at Bangkok and Malaysian SMR20 closed at `.103.46 a kg, on
Friday. On National Multi Commodity Exchange August 2014 futures were trading
at `.138.50 a kg, September at `.136.36, October at `.135.99
and November at `.135.70 a kg, at 12.35 IST. On Tokyo Commodity Exchange, August
2014 futures series closed at ¥192 a kg, September at ¥194.9, October at ¥196.9,
November at ¥199.5, December at ¥202.5 and the contract for delivery in January
2015 closed at ¥204.6 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in Rubber4U – 15th August 2014 issue
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