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Physical rubber prices ruled flat on Friday

17 May 2014 Evaluate

Physical rubber prices ruled flat on Friday due to extremely low transactions in the market. Further, the market was almost in a holiday mood tuned in to the results of Parliament elections too influenced the rubber prices.

Spot prices for RSS-4 variety remained unchanged at Rs 142/ kg; while the RSS-5 variety marginally improved to Rs 140/ kg compared to its previous closing of Rs 139/ kg.

In the futures market, contract of June delivery improved to Rs 144.50 compared to its previous close of Rs 143.98, while July delivery closed at Rs 145.75 compared to its previous closing of Rs 145.42 on the National Multi Commodity Exchange (NMCE).

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