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Physical rubber prices stablise on Saturday

22 Aug 2011 Evaluate

Physical rubber prices stablised a bit on Saturday after witnessing a slew of decline, covering purchases at lower levels following the marginal recovery in domestic futures helped the prices remain firm till the last.

Spot prices for RSS-4 variety closed at Rs 197.50 compared to its previous closing of Rs 197, while the RSS-5 variety closed unchanged at Rs 190.

In the futures market, the contract of RSS-4 for September delivery improved to Rs 198.40 compared to its previous closing of Rs 197.42, while the contract for October delivery closed at Rs 195.15 compared to its previous closing of Rs 194.49 on the National Multi Commodity Exchange.

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