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Physical rubber prices extend losses on Thursday

30 Nov 2012 Evaluate

Physical rubber prices extended the previous day’s losses on Thursday following sharp declines on commodity futures.

Spot prices for RSS-4 variety declined to Rs 168/ kg compared to its previous closing of Rs 170/ kg, while RSS-5 variety closed at Rs 165/ kg compared to its previous close of Rs 167/ kg.

In the futures market, contract of December delivery surrendered to Rs 171.20 compared to its previous close of Rs 175.06, while January delivery closed at Rs 173.50 compared to its previous close of Rs 177.20 on the National Multi Commodity Exchange (NMCE).

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