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Physical rubber prices decline on Wednesday

11 Oct 2012 Evaluate

Physical rubber prices declined further on Wednesday lacking any enquiry from the major consuming industries. Some weakness in the domestic and international futures in early trade too weighed on the sentiments.

Spot prices for RSS-4 variety closed at Rs 190/kg compared to its previous closing of Rs 192/kg; while the RSS-5 variety closed at Rs 184/kg compared to its previous closing of Rs 186/kg.

In the futures market, the contract for October delivery closed at Rs 192 compared to Rs 191.68, while the contract for November delivery closed at Rs 186.42 compared to its previous closing of Rs 186.57 on the National Multi Commodity Exchange.

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