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Physical Rubber prices display weakness on Monday

17 Nov 2015 Evaluate

Physical Rubber prices showed weakness on Monday due to lack of genuine buyers in the market. Spot prices for RSS-4 variety declined to Rs 110/ kg compared to its previous closing of Rs 110.50/ kg; while the RSS-5 variety dipped to Rs 107/ kg compared to its previous closing of Rs 108/ kg.

In the futures market, contract of December delivery dropped to Rs 106.52 compared to its previous closing of Rs 108.57, while January delivery closed at Rs 106.64 compared to its previous close of Rs 108.81 on the National Multi Commodity Exchange (NMCE).

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