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Physical rubber prices declined on Wednesday

08 Jan 2015 Evaluate

Physical rubber prices dropped on Wednesday on buyer resistance in the market following sharp declines on the National Multi Commodity Exchange (NMCE).

Spot prices for RSS-4 variety slid to Rs 126/ kg compared to its previous closing of Rs 129/ kg, while RSS-5 variety closed at Rs 121/ kg compared to its previous close of Rs 122/ kg.

In the futures market, contract of January delivery weakened to Rs 123 compared to its previous closing of Rs 124.38, while February delivery closed at Rs 124.05 compared to its previous close of Rs 125.80 on the National Multi Commodity Exchange (NMCE).

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