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Physical rubber prices decline further on Tuesday

17 Aug 2011 Evaluate

Physical rubber prices extended their fall on Tuesday due to buyer resistance and decline in domestic and international future prices. Though volume remained high but traders are expecting further fall in the prices in coming days.

Spot prices for RSS-4 variety closed at Rs 200 compared to its previous closing of Rs 202.50, while the RSS-5 variety closed at Rs 195 compared to its previous closing of Rs 199.

In the futures market, the contract of RSS-4 for September delivery closed at Rs 198.70 compared to its previous closing of Rs 201.56, while the contract of October delivery closed at Rs 197.45 compared to its previous closing of Rs 200.72 on the National Multi Commodity Exchange.

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