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Physical rubber prices consolidate on Friday

04 Aug 2012 Evaluate
Physical rubber prices steadied on Friday, due to weak undercurrent. However, the commodity managed to continue at the existing levels on supply concerns. 

Spot prices for RSS- 4 and RSS- 5 variety remained unchanged at Rs. 180/ kg and Rs. 174/ kg respectively.

In the futures market, contract of RSS-4 August delivery slipped to Rs 177.95 compared to its previous closing of Rs.178.54, while contract of September delivery closed at Rs. 175.15 compared to its previous closing of Rs. 175.89 on the National Multi Commodity Exchange.

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