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Physical Rubber prices witness improvement on Monday

17 Jul 2018 Evaluate

Physical Rubber prices showed improvement on Monday as reports on a sharp decline in domestic rubber production and acute short supplies owing to widespread rains, kept the buyers active. Spot prices for RSS-4 variety improved to 129/ kg compared to its previous closing of Rs 128/ kg; while the RSS-5 variety jumped to 126.50/ kg compared to its previous closing of Rs 126/ kg.

In the futures market, August delivery rose to Rs 130.32 compared to its previous closing of Rs 129.21, while September delivery closed at Rs 130.44 compared to its previous close of Rs 129 on the National Multi Commodity Exchange (NMCE).

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