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Physical rubber prices strengthens on Tuesday

30 May 2012 Evaluate

Physical rubber prices strengthened on Tuesday on the back of some short covering and fresh buying, as sellers stayed back expecting better rates in the coming days.

Spot prices for RSS-4 variety closed at Rs 195/kg compared to its previous closing of Rs 194/kg; while the RSS-5 variety closed at Rs 193/kg compared to its previous closing of Rs 192.50/kg.

In futures market, the contract of RSS-4 for June delivery closed at Rs 197 compared to its previous closing of Rs 195.38, while the contract of July delivery closed to Rs 199.95 compared to its previous closing of Rs 198.36 on the National Multi Commodity Exchange.

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