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Physical rubber prices declines on profit booking

20 Apr 2012 Evaluate

Physical rubber prices suffered some profit booking and declined on Thursday, market lacked fresh triggers and lost strength on buyer resistance as the futures markets both of domestic and international declined.

Spot prices for RSS-4 variety closed at Rs 195/kg compared to its previous closing of Rs 196/kg; while the RSS-5 variety closed at Rs 193.50/kg compared to its previous closing of Rs 194.25/kg.

In futures market, the contract of RSS-4 for May delivery closed at Rs 194.18 compared to its previous closing of Rs 194.61, while the contract of June closed at Rs 199.52 compared to its previous closing of Rs 199.61 on the National Multi Commodity Exchange.

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