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Physical rubber prices declined on Thursday

27 Jun 2014 Evaluate

Physical rubber prices declined on Thursday due to lack of genuine buyers at higher levels following the declines in the domestic futures on the NMCE.

Spot prices for RSS-4 variety declined to Rs 146.50/ kg compared to its previous closing of Rs 147.50/ kg, while RSS-5 variety closed at Rs 141/ kg compared to its previous close of Rs 142.50/ kg.

In the futures market, contract of July delivery dropped to Rs 144.74 compared to its previous closing of Rs 145.05, while August delivery closed at Rs 144.45 compared to its previous close of Rs 144.90 on the National Multi Commodity Exchange (NMCE).

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