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Physical rubber prices declines on weak global cues

08 Jul 2011 Evaluate

Physical rubber prices slipped a bit on Thursday after witnessing a slew of gains, though the domestic futures made a bounce back after falling in previous session but the international futures declined in late trade and put pressure on the spot prices, also there was lack of buying activity that weighed on the prices.

Spot prices for RSS-4 variety closed at Rs 215.50/kg compared to its previous close of Rs 217/kg, while the contract of RSS-5 variety closed at Rs 213/kg compared to its previous closing of Rs 214/kg.

In the futures market, the contract for July delivery closed at Rs 215 compared to its previous closing of Rs 213.80, while the contract for August delivery closed at Rs 216.65 compared to its previous closing of Rs 216.10 on the National Multi Commodity Exchange.

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