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Physical rubber prices rule weak on Tuesday

07 Nov 2012 Evaluate

Physical rubber prices ruled weak on Tuesday. The gap between local and international rates and the absence of buyers from the major consuming industries kept the market in a depressed mood. 

Spot prices for RSS-4 variety weakened to Rs 174/ kg compared to its previous closing of Rs 175/ kg, while RSS-5 variety closed at Rs 170/ kg compared to its previous closing of Rs 171/ kg.

In the futures market, contract of November delivery improved to Rs 176.28 compared to its previous close of Rs 174.47, while December delivery closed at Rs 178.20 compared to its previous closing of Rs 176.09 on the National Multi Commodity Exchange (NMCE).

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