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Rubber prices declined sharply on Tuesday

10 Aug 2011 Evaluate

Physical rubber prices declined sharply on Tuesday, tailing the plunge in the domestic and international futures market, the downgrade of US weighed on the sentiments. While on the domestic front buyers remained on sidelines, expecting further fall in the prices.

Spot prices for RSS-4 variety closed at Rs 204 compared to its previous closing of Rs 207, while the RSS-5 variety closed at Rs 200 compared to its previous closing of Rs 203.

In the futures market contract of RSS 4 for August closed at Rs 204.75 compared to its previous closing of Rs 207.29, while the contract for September delivery closed at Rs 201.35 compared to its previous closing of Rs 205.25 on National Multi Commodity Exchange.

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