Physical rubber prices improved on Wednesday, the gains were mainly induced by the covering purchases in the domestic futures markets which finished marginally higher, the prices has been closing higher for last couple of days ,hence the volume remained higher for the day too.
Spot prices for RSS-4 variety closed at Rs 202.50/kg compared to its previous closing of Rs 201/kg; while the RSS-5 variety closed at Rs 198/kg compared to its previous closing of Rs 197/kg.
In the futures market, the contract for January delivery closed at Rs 203.91 compared to its previous closing of Rs 203.72, while the contract for February delivery closed at Rs 206 compared to its its previous closing of Rs 205.49 on the National Multi Commodity Exchange.
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