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Physical rubber prices record moderate loss on Monday

23 Oct 2012 Evaluate

Physical rubber prices recorded moderate losses on Monday. However, absence of genuine buyers and the wide gap between the domestic and international markets dominated the local sentiments, putting commodity under pressure.

Spot prices for RSS-4 variety dropped to Rs 180/ kg compared to its previous closing of Rs 183/ kg, while RSS-5 variety closed at Rs 175/ kg compared to its previous closing of Rs 176/ kg.

In the futures market, contract of November delivery closed at Rs 179.40 compared to its previous closing of Rs 179.16, while December delivery closed at Rs 180.48 compared to its previous close of Rs 180.11 on the National Multi Commodity Exchange (NMCE).

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