Physical rubber prices declined on Tuesday on account of buyers’ resistance in the market, following the moderate losses in the global trendsetters.
Spot prices for RSS-4 variety declined to Rs 129/ kg compared to its previous closing of Rs 130/ kg; while the RSS-5 variety reduced to 127/ kg compared to its previous closing of Rs 128/kg.
In the futures market, contract of July delivery surrendered to Rs 129.37 compared to its previous closing of Rs 130.70, while August delivery closed at Rs 130.01 compared to its previous close of Rs 131.76 on the National Multi Commodity Exchange (NMCE).
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