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Physical rubber prices moved higher on Saturday

26 Mar 2012 Evaluate

Physical rubber prices after remaining steady in last couple of days moved higher on Saturday on the back of covering purchases following good closing in the domestic future markets. However, transactions remained low owing to the final days of the current financial year.

Spot prices for RSS-4 variety closed at Rs 197.50 compared to its previous closing of Rs 197; while RSS-5 variety closed at Rs196 compared to its previous closing of Rs 195.

In futures market, the contract of RSS-4 for April delivery closed at Rs 200.35 compared to its previous closing of Rs 199.09, while the contract for May delivery closed at Rs 205.30 compared to its previous closing of Rs 204.04 on National Multi Commodity Exchange.

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