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Physical rubber prices add gains on Tuesday

21 Mar 2012 Evaluate

Physical rubber prices improved further on Tuesday supported by fresh buying and short covering. Though, the international futures declined but some gains in the domestic futures supported the rates in the spot markets.

Spot prices for RSS-4 variety closed at Rs 196/kg compared to its previous closing of Rs 195/kg; while the RSS-5 variety closed at Rs 194/kg compared to its previous closing of Rs 193/kg.

In the futures market, the contract for RSS 4 variety for April delivery closed at Rs 200.20 compared to its previous closing of Rs 199.71, while the contract for May delivery closed at Rs 204.85 compared to its previous closing of Rs 204.35 on the National Multi Commodity Exchange.

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