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Physical rubber prices move higher on Wednesday

15 Mar 2012 Evaluate

Physical rubber moved higher on Wednesday after showing some sideways trade. Though, the transactions remained scattered but the marginal gains in the futures market helped the spot prices move higher.

Spot prices for RSS-4 variety closed at Rs 191/kg compared to its previous closing of Rs 190.50/kg; while RSS-5 variety closed at Rs189/kg compared to its previous closing of Rs 188/kg.

In futures market, the contract of RSS-4 for March delivery closed at Rs 190.10 compared with its previous closing of Rs 189.96, while the contract for April delivery closed at Rs 196.20 compared with its previous closing of Rs 195.99 on the National Multi Commodity Exchange.

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