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Physical rubber prices remain unchanged on Thursday

07 Mar 2012 Evaluate

Physical rubber prices remained unchanged for yet another day on Tuesday despite the futures showing some recovery, as the global markets turned weak. There wasn’t any fresh trigger that could help the prices move higher and the traders remained on sidelines.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 187/kg and Rs 185/kg respectively.

In the futures market, the contract of RSs-4 for March delivery improved to Rs 188.40 compared to its previous closing of Rs 187.40, while the contract for April delivery closed at Rs 193.80 compared to its previous closing of Rs 192.09 on the National Multi Commodity Exchange.

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