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Physical rubber prices ruled flat on Wednesday

26 Jun 2014 Evaluate

Physical rubber prices ruled flat on Wednesday following the sharp decline in the domestic futures, though lower arrivals in the local trading houses capped some losses in rubber prices to some extent.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 147.50/ kg and Rs 142.50/ kg respectively.

In the futures market, contract of July delivery declined to Rs 145.15 compared to its previous close of Rs 148.36, while August delivery closed at Rs 145 compared to its previous closing of Rs 148.22 on the National Multi Commodity Exchange (NMCE).

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