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Physical rubber prices strengthened further on Tuesday

06 Jul 2011 Evaluate

Physical rubber prices extended their gains on Tuesday on some short covering, though demand remained skewed and the domestic futures too witnessed weakness in the last.

Spot prices for RSS-4 variety closed at Rs 215/kg compared to its previous closing of Rs 213/kg, while the RSS-5 variety closed at Rs 212/kg compared to its previous closing of Rs 210/kg.

In futures market, the contract for July delivery closed at Rs 213.40 compared to its previous closing of Rs 214.19, while the contract for August delivery closed at Rs 216.52 compared to its previous closing of Rs 216.45 on the National Multi Commodity Exchange.

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