Physical rubber prices after showing a mixed trend for last couple of days finally turned weak on Wednesday. Though, traders were expecting the depreciating rupee against the dollar to support the prices but declines in the domestic and international futures weighed on the sentiments.
Spot prices for RSS-4 variety closed at Rs 193.50/kg from its previous closing of Rs 194/kg; RSS-5 variety closed at Rs 191.50/kg compared to its previous closing of Rs 192/kg.
In futures market, the contract of RSS 4 for June delivery closed at Rs 193.50 compared to its previous closing of Rs 196.49, while the contract for July delivery closed at Rs 196.48 compared to its previous closing of Rs 199.37 on the National Multi Commodity Exchange.
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