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Physical rubber prices turned weak on Monday

24 Jul 2012 Evaluate
Physical rubber prices turned weak on Monday due to profit taking, further aggravated by sharp decline in international indices and the drop in the commodity and the equities due to the effect of Euro Zone debt crisis.

Spot prices for RSS- 4 variety declined to Rs. 180/ kg compared to its previous close of Rs.183/ kg, while RSS- 5 variety closed at Rs. 175/ kg compared to its previous close of Rs. 177/ kg.

In the futures market, the contract of RSS- 4 August delivery slipped to Rs. 175.51 compared to its previous close of Rs. 179.06, while September delivery closed at Rs. 174.70 compared to its previous close of Rs. 177.99 on the National Multi Commodity Exchange. 

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