Physical rubber prices steadied on Thursday after witnessing a good upmove in last couple of days. Though, the start was good but the markets lost direction with the flat closing in the domestic future and sharp decline in trend setting international markets.
Spot prices for RSS-4 and RSS -5 varieties closed unchanged at Rs 195.50/kg and Rs 194/kg respectively.
In the future markets, the contract of RSS-4 for June delivery closed at Rs 197.12 compared to its previous closing of Rs 197.10, while the contract of July delivery closed at Rs 200 compared to its previous closing of Rs199.98 a kg on the National Multi Commodity Exchange.
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