OUTLOOK- India rubber seen down on weak demand; rains eyed

Newswire

MUMBAI, Oct 29 (Reuters) - Indian natural rubber futures are likely to edge lower this week on subdued demand from tyre makers, which are trimming local purchases to make room for cheaper imported rubber. The key November rubber contract on India's National Multi Commodity Exchange provisionally closed 1.8 percent lower at 17,770 rupees per 100 kg on Monday. The contract has lost nearly 8 percent so far this month. The spot price of the ...

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