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Physical rubber prices close weak on Friday

17 Nov 2012 Evaluate

Physical rubber prices finished weak on Friday. The declines in the domestic and international futures and the absence of genuine buyers continued to weigh over the commodity.

Spot prices for RSS-4 variety continued to decline to Rs 168/ kg compared to its previous closing of Rs 171/ kg, while RSS-5 variety closed at Rs 165/ kg compared to its previous closing of Rs 167/ kg.

In the futures market, contract of December delivery weakened to Rs 170.85 compared to its previous close of Rs 172.35, while January delivery closed at Rs 172.89 compared to its previous close of Rs 174.78 on the National Multi Commodity Exchange (NMCE).

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