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Physical rubber prices showed some weakness on Thursday

08 Jan 2016 Evaluate

Physical rubber prices showed some weakness on Thursday due to lack of quantity buyers in the local markets. Spot prices for RSS-4 variety remained unchanged at Rs 100/kg; while the RSS-5 variety declined to Rs 97/ kg compared to its previous closing of Rs 98/ kg.

In the futures market, contract of January delivery dropped to Rs 99.99 compared to its previous closing of Rs 100.04, while February delivery closed at Rs 100.60 compared to its previous close of Rs 100.43 on the National Multi Commodity Exchange (NMCE).

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