Physical rubber prices extended their decline on Saturday mainly on the back of buyers’ resistance. The trade remained inactive lacking any cues from the domestic or international markets, while there was no enquiry from major consuming industries too.
Spot prices for RSS-4 variety remained unchanged at Rs 195, while the RSS-5 variety closed at Rs 193 compared to its previous closing of Rs 194.50.
In futures market, the contract of RSS-4 for May delivery closed at Rs 192.60 compared to its previous closing of Rs 194.65, while the contract of June delivery closed at Rs 198.25 compared to its previous closing of Rs 200.06 on the National Multi Commodity Exchange.
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