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Physical rubber prices declined on Tuesday

25 Jun 2014 Evaluate

Physical rubber prices declined on Tuesday on buyer resistance amidst extremely dull volumes in the market.

Spot prices for RSS-4 variety declined to Rs 147.50/ kg compared to its previous closing of Rs 148/ kg, while RSS-5 variety closed at Rs 142.50/ kg compared to its previous close of Rs 143/ kg.

In the futures market, contract of July delivery dropped to Rs 148.15 compared to its previous closing of Rs 148.91, while August delivery closed at Rs 148.01 compared to its previous close of Rs 148.16 on the National Multi Commodity Exchange (NMCE).

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