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Physical rubber prices shows mixed trend on Wednesday

22 Sep 2011 Evaluate

Mixed trend was witnessed in the physical rubber prices in local mandis. The early gains on the back of weak supplies and fall in production due to persistent rain fall were pared due to uncertainties in the economic outlook, slowdown in auto sales and rising interest rates.

Spot prices for RSS-4 variety closed at Rs 217.50/kg compared to its previous closing of Rs 216.50/kg, while the RSS-5 variety closed at Rs 210/kg compared to its previous closing of Rs 209/kg.

In the futures market, the contract of RSS-4 for October delivery closed at Rs 218.10 compared to its previous closing of Rs 218.05, while the contract for November delivery closed at Rs 216.74 compared to its previous closing of Rs 216.84 on the National Multi Commodity Exchange.

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