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Physical rubber prices decline further on Wednesday

18 Aug 2011 Evaluate

Physical rubber prices escalated their declining trend on Wednesday as the buyers remained on sidelines, expecting further fall to initiate buying. Though, the future prices improved both at domestic as well as international front.

Spot prices for RSS-4 variety closed at Rs 198/kg compared to its previous closing of Rs 200/kg, while the RSS-5 variety closed at Rs 193/kg compared to its previous closing of Rs 195/kg.

In futures market, the contract of RSS-4 for September delivery closed at Rs 199.95 compared to its previous closing of Rs 198.60, while the contract for October delivery closed at Rs 198.40 compared to its previous closing of Rs 197.30 on the National Multi Commodity Exchange.

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