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Physical Rubber prices display mixed trend on Thursday

06 Feb 2015 Evaluate

Physical Rubber prices showed a mixed trend on Thursday, despite news that the Government is planning to hike the import duty of natural rubber from the current 20% to 30% to save the domestic growers.

Spot prices for RSS-4 variety improved to Rs 124/ kg compared to its previous closing of Rs 122/ kg; while the RSS-5 variety weakened to Rs 106 / kg compared to its previous closing of Rs 107/ kg.

In the futures market, contract of February delivery improved to Rs 122 compared to its previous closing of Rs 118.43, while March delivery closed at Rs 123.35 compared to its previous close of Rs 119.57 on the National Multi Commodity Exchange (NMCE).

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