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Physical rubber prices extended their losses on Tuesday

06 Jun 2012 Evaluate

Physical rubber prices extended their decline on Tuesday, tailing the sharp decline in global and domestic futures. The buyers’ resistance in the spot markets too led the prices lower, while there was not much enquiry too.

Spot prices for RSS-4 variety closed at Rs 192/kg compared to its previous closing of Rs 192.50/kg;while the RSS-5 variety closed at Rs 189/kg compared to its previous closing of Rs 190/kg.

In the futures market, the contract of June delivery closed at Rs 188.20 compared to its previous closing of Rs 192.61,while the contract of July delivery closed at Rs 190.15 compared to its previous closing of Rs 194.59 on the National Multi Commodity Exchange.

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