MUMBAI, April 23 (Reuters) - Indian rubber futures hit contract highs on Wednesday tracking record crude oil prices and a firm trend in Tokyo, two analysts said.
High crude oil pushes the demand for natural rubber.
At 11:10 a.m, the May futures NMRUK8 were up 0.7 percent at 11,250 rupees per 100 kg, retreating from a contract high of 11,289 rupees it hit at open. (Reporting by Abhishek Shanker & Sourav Mishra; Editing by Harish Nambiar)
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