Receding trade war fears after reports of
possible trade negotiations between the US and China and government's
announcement of lower-than-expected borrowing programme for the first half of
the fiscal year 2019 have helped markets close higher during the week
ended.
The Monetary Policy Committee of the Reserve
Bank of India will announce its resolution under the First Bi-monthly Monetary
Policy Statement for 2018-19 and is expected to keep rates unchanged for the
rest of this year at its 5th April 2018 meeting but shift to a hawkish stance
by the end of this year and increase in interest rates is not ruled out as
inflation pressures build up.
The benchmark RSS4 grade rubber closed at `.123
a kg at Kottayam, while RSS3 grade closed at `.111.29 a kg at
Bangkok and Malaysian SMR20 closed at `.88.86 a kg. On
National Multi Commodity Exchange April 2018, the futures closed at `.119.67
a kg, May at `.122.23 a kg, June at `.125.01.54 a kg, July
at `.128.18 a kg and August 2018 closed at `.125.60
a kg. Tokyo Commodity Exchange April 2018 futures series closed at ¥170.6 a kg,
May at ¥172.7, June at ¥178.1, July at ¥180.1, August at ¥179.8 and the
contract for delivery in September closed at ¥179.6 a kg. On Thursday, most
probably Tocom futures contract for delivery in September 2018 may trade in the
range of ¥174 & ¥180 a kg.
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