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Physical rubber prices improve tracking gains in futures

04 Aug 2011 Evaluate

Physical rubber prices went slightly higher on Wednesday, prices mainly moved on covering purchases as the domestic future prices surged with good volumes.

Spot prices for RSS-4 variety closed at Rs 209/kg compared to its previous closing of Rs 207/kg, while the RSS-5 variety closed at Rs 206/kg compared to its previous closing of Rs 204/kg.

In the futures market, the contract of RSS-4 for August delivery closed at Rs 211.75 compared to its previous closing of Rs 207.53, while the contract for September delivery closed at Rs 211.30 compared to its previous closing of Rs 207.07 on the National Multi Commodity Exchange.

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