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Physical rubber prices ruled flat on Friday

26 Jul 2014 Evaluate

Physical rubber prices ruled almost flat on Friday amidst extremely low volumes in the market. The commodity prices weakened further following a weak closing in domestic futures on the National Multi Commodity Exchange.

Spot prices for RSS-4 variety weakened to Rs 138/ kg compared to its previous closing of Rs 139/ kg, while RSS-5 variety remained unchanged at Rs 133/ kg.

In the futures market, contract of August delivery weakened to Rs 137 compared to its previous close of Rs 138.74, while September delivery closed at Rs 134.50 compared to its previous closing of Rs 136.38 on the National Multi Commodity Exchange (NMCE).

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