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Physical rubber prices showed some weakness on Monday

27 Jan 2016 Evaluate

Physical rubber prices showed some weakness on Monday in the absence of genuine buyers from the industrial sector while the market managed to sustain at the prevailing levels on supply concerns. Spot prices for RSS-4 variety declined to Rs 95.50/ kg compared to its previous closing of Rs 96/ kg; while the RSS-5 variety remained unchanged at Rs 91.50/ kg.

In the futures market, contract of February delivery dropped to Rs 97.26 compared to its previous closing of Rs 98.86, while March delivery closed at Rs 98.92 compared to its previous close of Rs 101.08 on the National Multi Commodity Exchange (NMCE).

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