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Physical rubber prices falls further on buyers resistance

29 Jun 2011 Evaluate

Physical rubber prices are not getting any respite and declined further on Tuesday, though the losses were capped on marginal improvement in domestic futures but the buyer resistance weighed down the prices, also there were no quantity buyers in the trading houses.

Spot prices for RSS-4 variety closed at Rs 206/kg compared to its previous closing of Rs 207/kg, while the RSS-5 variety closed at Rs 204/kg compared to its previous closing of Rs 205/kg.

In futures market, the contract of RSS-4 for July delivery closed at Rs 208.30 compared to its previous closing of Rs 206.73, while the contract for August delivery closed at Rs 209.42 compared to its previous closing of Rs 207.37 on the National Multi Commodity Exchange.

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