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Physical rubber prices remain weak on Tuesday

21 Sep 2011 Evaluate

Physical rubber prices remained weak on Tuesday, though there was some recovery during the closing hours on covering purchases at lower levels and was also supported by the gains in the futures market but the transactions remained low after a day of statewide hartal.

Spot prices for RSS-4 variety closed at Rs 216.50/kg compared to its previous closing of Rs 218/kg, while the RSS-5 variety closed at Rs 209/kg compared to its previous closing of Rs 210/kg.

In futures market, the contract of RSS-4 for October delivery improved to Rs 218.39 compared to its previous closing of Rs 215.43, while the contract of November delivery closed at Rs 217.10 compared to its previous closing of Rs 214.09 on the National Multi Commodity Exchange.

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