The Reserve Bank of
India’s six-member Monetary Policy Committee (MPC) cut the repo rate by 25
basis points to 5.15% to kick start economic growth languishing at six-year
lows. The RBI maintained its accommodative stance and said it would maintain
this position as long as it is necessary to revive growth, while ensuring inflation
remains within target.
On 3rd October,
benchmark RSS4 grade rubber closed at `.122 a kg at
Kottayam, while on 4th October, RSS3 grade closed at `.100.26 a kg
at Bangkok and Malaysian SMR20 closed at `.88.82 a kg.
Tokyo Commodity Exchange October 2019 futures series closed at ¥149 a kg, November
at ¥151.2, December at ¥152.1, January 2020 at ¥152.9, February at ¥155.6 and
the contract for delivery in March 2020 closed at ¥157.1 a kg.
For 2019-20 Rubber Forecast: http://rubber4u.com/Public/Forecast2019-20.pdf
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