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Physical rubber prices declined on Thursday

06 Jun 2014 Evaluate

Physical rubber prices declined on Thursday on buyer resistance in the market, however lower supplies in the local trading houses capped some losses in rubber prices to some extent.

Spot prices for RSS-4 variety declined to Rs 144.50/ kg compared to its previous closing of Rs 145/ kg, while RSS-5 variety closed at Rs 140/ kg compared to its previous close of Rs 142/ kg.

In the futures market, contract of June delivery declined to Rs 142.65 compared to its previous closing of Rs 143.94, while July delivery closed at Rs 141.90 compared to its previous close of Rs 143.29 on the National Multi Commodity Exchange (NMCE).

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