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Physical rubber prices improve on Monday

22 May 2012 Evaluate

Physical rubber prices made some improvement with the start of the new week, supported by fresh buying and short covering following a better show in the domestic and international futures market.

Spot prices for RSS-4 variety closed at Rs 194/kg compared to its previous closing of Rs 192.50/kg; while the RSS-5 variety closed at Rs 192.50/kg compared to its previous closing of Rs 191/kg.

In futures market, the contract of RSS-4 for June delivery closed at Rs 194.95 compared to its previous closing of Rs 192.28, while the contract for July delivery closed at Rs 198 compared to its previous closing of Rs 195.31 on the National Multi Commodity Exchange.

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