Physical rubber prices declined on Tuesday tracking weakness in domestic and global futures market. Though, the market showed some signs of recovery in early trade discounting the import news and other negative factors but fell again on buyer resistance.
Spot prices for RSS-4 variety closed at Rs 209.50/kg compared to its previous closing of Rs 210.50/kg, while the contract for RSS-5 variety closed at Rs 207/kg compared to its previous closing of Rs 208/kg.
In the futures market, the contract of RSS 4 for the August delivery declined to Rs 209.50 compared to its previous closing of Rs 211.43, while the contract for September delivery closed at Rs 209.29 compared to its previous closing of Rs 211.27 on the National Multi Commodity Exchange.
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