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Physical Rubber prices witness improvement on Monday

11 Dec 2018 Evaluate

Physical Rubber prices showed improvement on Monday due to bargain buying by markets participants after a recent fall in prices. However, fall in benchmark contracts of the Tokyo Commodity Exchange capped gains in domestic prices. Spot prices for RSS-4 variety rose to 119.50/ kg compared to its previous closing of Rs 119/ kg; while the RSS-5 variety jumped to 115.50/ kg compared to its previous closing of Rs 115/ kg.

In the futures market, December delivery improved to Rs 123.59 compared to its previous closing of Rs 123.23, while January delivery was at Rs 125.40 compared to its previous close of Rs 125.44 on the Indian Commodity Exchange Limited (ICEX).

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