Physical rubber prices declined on Monday on buyer resistance in the market. Further, lower trading volumes in too influenced the commodity prices.
Spot prices for RSS-4 variety declined to Rs 139 compared to its previous closing of Rs 140; while the RSS-5 variety closed at Rs 136.50 compared to its previous closing of Rs 137.
In the futures market, contract of May delivery dropped to Rs 139.10 compared to its previous close of Rs 139.73, while June delivery closed at Rs 142 compared to its previous closing of Rs 142.37 on the National Multi Commodity Exchange (NMCE).
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