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Physical Rubber prices witness weakness on Saturday

17 Jun 2019 Evaluate

Physical Rubber prices showed weakness on Saturday due to expectations of a rise in India's natural rubber production. Spot prices for RSS-4 variety fell to 153.50/ kg compared to its previous closing of Rs 154.50/ kg; while the RSS-5 variety declined to Rs 150/ kg compared to its previous closing of Rs 151/ kg.

In the futures market, July delivery fell to Rs 151.58 compared to its previous closing of Rs 153.49, while August delivery closed at Rs 147.55 compared to its previous close of Rs 148.52 on the National Multi Commodity Exchange (NMCE).

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