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Physical rubber prices turns weak on Friday

22 Sep 2012 Evaluate
Physical rubber prices turned weak on Friday, as the market appeared to be in a holiday mood owing to Sri Narayana Guru Samadhi.

Spot prices for RSS- 4 variety continued its decline and closed at Rs. 191.50/ kg compared to its previous closing of Rs. 192/ kg, while RSS- 5 variety closed at Rs. 186/ kg compared to its previous closing of Rs. 187/ kg.

In the futures market, contract of October delivery closed at Rs. 189.25 compared to its previous closing of Rs. 187.19, while November delivery closed at Rs. 188.50 compared to its previous closing of RS.186.66 on the National Multi Commodity Exchange (NMCE).

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