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Physical Rubber prices display weakness on Wednesday

07 Jan 2016 Evaluate

Physical rubber prices showed weakness on Wednesday due to lack of quantity buyers in the local markets. Spot prices for RSS-4 variety dropped to Rs 100/ kg compared to its previous closing of Rs 101/ kg; while the RSS-5 variety dipped to Rs 98/ kg compared to its previous closing of Rs 99/ kg.

In the futures market, contract of January delivery improved to Rs 100.04 compared to its previous closing of Rs 99.98, while February delivery closed at Rs 100.43 compared to its previous close of Rs 100.11 on the National Multi Commodity Exchange (NMCE).

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