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Physical Rubber prices showed weakness on Tuesday

04 Nov 2015 Evaluate

Physical Rubber prices showed weakness on Tuesday following the declines in domestic futures and the widening gap between the local and international prices.

Spot prices for RSS-4 variety dipped to Rs 112.50/ kg compared to its previous closing of Rs 113/ kg; while the RSS-5 variety declined to Rs 110.50/ kg compared to its previous closing of Rs 111/ kg.

In the futures market, contract of November delivery weakened to Rs 108.86 compared to its previous closing of Rs 110.76, while December delivery closed at Rs 108.81 compared to its previous close of Rs 110.70 on the National Multi Commodity Exchange (NMCE).

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