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Physical rubber prices improve further on Wednesday

23 Feb 2012 Evaluate

Physical rubber prices extended their gains on Wednesday, though the domestic future prices weakened but the gains in international future prices mainly in the Japanese futures helped the domestic spot prices to move higher.

Spot prices for RSS-4 variety closed at Rs 186.50/kg compared to its previous closing of Rs 185.50/kg ; while the RSS-5 variety remained unchanged at Rs 183/kg.

In the futures market, the contract for RSS 4 for March delivery closed at Rs 186.50 compared to its previous closing of Rs 187.82, while the contract for April delivery closed to Rs 191.60 compared to its previous closing of Rs 193.53 on the National Multi Commodity Exchange.

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