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Physical Rubber prices improved on Tuesday

14 Oct 2015 Evaluate

Physical Rubber prices improved on Tuesday on account of supply concerns in the market as widespread rains continued to disrupt tapping in major plantation areas. Spot prices for RSS-4 variety surged to Rs 115.00/ kg compared to its previous closing of Rs 114.50/ kg; while the RSS-5 variety jumped to 112.50/ kg compared to its previous closing of Rs 112.00/kg.

In the futures market, contract of October delivery slid to Rs 115.99 compared to its previous closing of Rs 116.45, while November delivery closed at Rs 117.28 compared to its previous close of Rs 117.18 on the National Multi Commodity Exchange (NMCE).

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