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Physical rubber prices declined on Tuesday

05 Nov 2014 Evaluate

Physical rubber prices declined on Tuesday on buyer resistance, following a drop in global benchmarks. The commodity prices weakened further due to the absence of local guidance kept it under pressure during late trading hours as National Multi Commodity Exchange remained closed owing to Moharum.

Spot prices for RSS-4 variety declined to Rs 121/ kg compared to its previous closing of Rs 122/ kg, while RSS-5 variety closed at Rs 115.50/ kg compared to its previous close of Rs 116/ kg.

 

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