OUTLOOK-India rubber futures seen rangebound this week

Newswire

MUMBAI, Feb 28 (Reuters) - Natural rubber prices in India are likely to tread water this week as higher imports by tyre makers are seen offsetting thin arrivals in the physical markets due to a seasonal slowdown in the tapping, dealers said. On Tuesday, the benchmark March rubber on India's National Multi-Commodity Exchange (NMCE) provisionally closed up 0.7 percent at 19,516 rupees per 100 kg. "I don't think there is scope for a downside or sharp rise from the current level," said N. ...

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