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Physical rubber prices remained unchanged on Tuesday

09 May 2012 Evaluate

Physical rubber prices turned into consolidation mood and finished unchanged on Tuesday. Though, there was some gain in the futures market but the absence of quantity buyers and declines in the international markets kept it under pressure.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 194/kg and Rs 192/kg respectively.

In the futures market, the contract of RSS-4 for May delivery closed at Rs 191.18 compared to its previous closing of Rs 190.62, while the contract for June delivery closed at Rs 196.50 compared to its previous closing of Rs 196.46 on the National Multi Commodity Exchange.

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