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Physical rubber prices remained steady on Saturday

01 Aug 2011 Evaluate

Physical rubber prices remained unchanged on Saturday, there was no fresh enquiry from the consuming industries so the traders opted to remain on sidelines, on the same time the domestic futures markets showed weakness and weighed on the sentiments.

Spot prices for RSS-4 and RSS-5 varieties closed unchanged at Rs 206 and Rs 204 respectively.

In the futures market, the contract of RSS-4 for August delivery weakened to Rs 207.40 compared to its previous closing of Rs 209.01, while the contract for September delivery closed at Rs 207.40 compared to its previous closing of Rs 208.89 on the National Multi Commodity Exchange.

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