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Physical rubber prices fixed on Friday

22 Dec 2014 Evaluate

Physical rubber prices were in a fix on Friday as no guidance on the pricing in the market. The Government has not published any official notification regarding the decisions taken at the meeting convened by the Kerala Chief Minister Ommen Chandy with tyre companies on Thursday. Rubber Board did not publish their usual price quotes though it was reported that they would declare prices after adding 20% customs duty and 5% purchase tax to the international price.

In the futures market, contract of January delivery improved to Rs 122.10 compared to its previous closing of Rs 120.15, while February delivery closed at Rs 122.99 compared to its previous close of Rs 120.97 on the National Multi Commodity Exchange (NMCE).

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