UPDATE 1-India rubber drops to 2-mth low on low import tax talk

Newswire

(Adds quote, background) MUMBAI, Aug 20 (Reuters) - Spot rubber prices in India's key market fell 3.3 percent on Friday to lowest level in nearly two months on hopes government will cut import tax on natural rubber, three dealers told Reuters. India currently charges 20 percent tax on natural rubber imports. The spot price of the most traded RSS-4 rubber (ribbed smoked sheet) dropped by 600 rupees to 17,400 rupees per 100 kg in Kottayam market in southern state of Kerala, the lowest ...

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