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Physical rubber prices remain steady on Tuesday

04 Apr 2012 Evaluate

Physical rubber prices remained unmoved for the second consecutive day lacking any follow up buying by major consuming industries, while the weakness in domestic futures too kept pressure on the commodity.

Spot prices for RSS-4 and RSS-5 remained unchanged at Rs 201/kg and Rs 199/kg respectively.

In the futures market that contract of RSS-4 for April delivery weakened to Rs 198.27 compared to its previous closing of Rs 199.70, while the contract for May delivery closed at Rs 203.60 compared to its previous closing of Rs 204.89 on the National Multi Commodity Exchange.

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