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Physical rubber prices declined on Tuesday

26 Aug 2015 Evaluate

Physical rubber prices declined on Tuesday on account of declining futures prices overseas. Spot prices for RSS-4 variety declined to Rs 112/ kg compared to its previous closing of Rs 113/ kg; while the RSS-5 variety reduced to 107/ kg compared to its previous closing of Rs 108/kg.

In the futures market, contract of September delivery weakened to Rs 112.68 compared to its previous closing of Rs 111.46, while October delivery closed at Rs 112.42 compared to its previous close of Rs 111.55 on the National Multi Commodity Exchange (NMCE).

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