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Physical rubber prices decline further on Monday

09 Oct 2012 Evaluate

Physical rubber prices extended their fall on Monday tailing the decline in futures market. There was not much cues from the global markets as Tokyo Commodity Exchange (TOCOM) remained closed for a holiday.

Spot prices for RSS-4 variety closed at Rs 190/kg compared to its previous closing of Rs 193/kg, while RSS-5 variety closed at Rs 187/kg compared to its previous closing of Rs 188/kg.

In the futures market, the contract for October delivery declined to Rs 189 compared to its previous closing of Rs 191.13, while the contract for November delivery closed at Rs 182.90 compared to its previous closing Rs 186.27 on the National Multi Commodity Exchange.

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