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Physical rubber prices remained unchanged on Thursday

18 May 2012 Evaluate

Physical rubber prices stabilized on Thursday after suffering a decline in previous session. Though, futures market, both domestic and international showed strength but spot traders remained in wait and watch condition to decide further course of action.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 193.50/kg and Rs 191.50/kg.

In futures market, the contract of RSS-4 for June delivery closed at Rs 193.75 compared to its previous closing of Rs 193.13, while the contract for July delivery closed at Rs 196.89 compared to its previous closing of Rs 196.14 on the National Multi Commodity Exchange.

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