Physical rubber prices ruled firm on Friday, though the domestic futures were in a corrective phase, probably on profit booking at higher levels prior to the weakened session. However, the local market improved extending the previous day’s gains.
Spot prices for RSS-4 variety continued to improve to Rs 195/ kg compared to its previous close of Rs 194/ kg, while RSS-5 variety closed at Rs 190/ kg compared to its previous closing of Rs 188/ kg.
In the futures market, contract of October delivery weekend to Rs 196.84 compared to its previous closing of Rs 198.27, while November delivery closed at Rs 192.70 compared to its previous closing of Rs 194.22 on the National Multi Commodity Exchange (NMCE).
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