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Indian rubber futures open up on firm Tokyo, tight supply

[2008-4-11]

 Indian rubber futures opened higher on Friday tracking a firm Tokyo market and tight supply situation, analysts said.

At 10:31 a.m., the benchmark May contract NMRUK8 was up 0.22 percent at 10,733 rupees per 100 kg.

The key rubber contract on the Tokyo Commodity Exchange <0#JRU:> rose marginally on Friday supported by investors buying on a rebound in the dollar against the yen. (Reporting by Debiprasad Nayak, editing by Sunil Nair)



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