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Physical rubber prices consolidate on Wednesday

26 Jul 2012 Evaluate
Physical rubber prices remained steady on Wednesday due to insufficient buyers or sellers for carrying the market activities resulting in low  transactions, while futures showed good improvement.

Spot prices for RSS- 4 and RSS-5 variety closed unchanged at Rs. 179/ kg and 173.50/ kg respectively.

In the futures market, contract of RSS- 4 August delivery improved to Rs. 178 compared to its previous closing of Rs.176.56, while September delivery closed at Rs. 177.35 compared to its previous closing of Rs. 175.85 on the National Multi Commodity Exchange.

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