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Physical rubber prices shows mixed trend on Wednesday

23 Aug 2012 Evaluate

Physical rubber prices made a mixed closing on Wednesday due to weak undercurrent as there were no genuine buyers to support the prices even at the lower levels.

Spot prices for RSS-4 variety continued to decline to Rs 169/ kg compared to its previous closing of Rs 170/ kg, while RSS-5 variety remained unchanged at Rs 160/kg.

In the futures market, contract of September delivery slipped to Rs 166.20 compared to its previous close of Rs 169.01, while October delivery closed at Rs 164 compared to its previous close of Rs 167.75 on the National Multi Commodity Exchange.

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