Physical rubber prices extended their fall in the new week tracking the decline in the domestic and global futures. The prices declined mainly on buyer resistance as there were no fresh enquiries in the market, the volume remained dull and some selling pressure from dealers too was experienced during closing hours after the futures lost ground.
Spot prices for RSS-4 variety closed at Rs 213.50/kg compared to its previous closing of Rs 215/kg, while the RSS-5 variety closed at Rs 211/kg compared to its previous closing of Rs 213/kg.
In the futures market, the contract of RSS-4 for July delivery closed at Rs 210.13 compared to its previous closing of Rs 213.54, while the contract for August delivery closed at Rs 212.90 compared to its previous closing of Rs 215.97 on the National Multi Commodity Exchange.
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