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Physical rubber prices continue its decline on Tuesday

13 Jul 2011 Evaluate

Physical rubber prices continued to show sluggish trade on Tuesday, tracking the weakness in the global and domestic futures. In the spot markets too there were no fresh enquiries from the tyre sector and the prices remained under pressure on selling from dealers amidst low demand.

Spot prices for RSS-4 variety closed at Rs 213/kg compared to its previous closing of Rs 213.50/kg, while the RSS-5 variety closed at Rs 210/kg compared to its previous closing of Rs 211/kg.

In the futures market, the contract of RSS 4 for July delivery closed at Rs 213 compared to its previous closing of Rs 210.23, while the contract for August delivery closed at Rs 215.59 compared to its previous closing of Rs 212.96 on the National Multi Commodity Exchange.

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