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Physical Rubber prices extend losses on Thursday

04 Dec 2015 Evaluate

Physical Rubber prices extended losses on Thursday, driven by lack of genuine buyers in the market. Spot prices for RSS-4 variety dropped to Rs 105/ kg compared to its previous closing of Rs 105.50/ kg; while the RSS-5 variety dipped to Rs 103.50/ kg compared to its previous closing of Rs 104/ kg.

In the futures market, contract of December delivery weakened to Rs 104.88 compared to its previous closing of Rs 105.60, while January delivery closed at Rs 104.84 compared to its previous close of Rs 105.93 on the National Multi Commodity Exchange (NMCE).

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