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Physical rubber prices extend their firm trade

26 Apr 2012 Evaluate

Physical rubber prices continued their firm trend of last couple of days and moved higher on Wednesday. The sentiments remained bullish, though the traders remained uncertain about the immediate future of the market.

Spot prices for RSS-4 variety closed at Rs 193.50/kg compared to its previous closing of Rs 192.50/kg; while the RSS-5 variety closed at Rs 192/kg compared to its previous closing of Rs 191/kg.

In the futures market the contract of RSS-4 for May delivery closed at Rs 190.45 compared to its previous closing of Rs 189.81, while the contract of June delivery closed at Rs 197.10 compared to its previous closing of Rs 196.67 on the National Multi Commodity Exchange.

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