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Physical rubber prices move higher on Monday

28 Feb 2012 Evaluate

Physical rubber prices moved slightly higher on Monday, however there was some weakness seen in the domestic as well as the international futures market. Absence of quantity sellers in the local markets helped the commodity to remain firm at the prevailing levels.

Spot prices for RSS-4 variety closed at Rs 188/kg compared to its previous closing of Rs 187.50/kg; while the RSS-5 variety closed at Rs 185/kg compared to its previous closing of Rs 184/kg.

In the futures market, the contract of RSS 4 for March delivery closed at Rs 189.74 compared to its previous closing of Rs 191.92, while the contract for April delivery closed at Rs 194 compared to its previous closing of Rs 196.46 on the National Multi Commodity Exchange.

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