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Physical rubber prices slips further on Friday

01 Dec 2012 Evaluate

Physical rubber prices lost its ground further on Friday in tune with sharp declines on the futures market.

Spot prices for RSS-4 variety continued to decline at Rs 167/ kg compared to its previous close of Rs 168/ kg, while RSS-5 variety closed at Rs 164/ kg compared to its previous closing of Rs 165/ kg.

In the futures market, contract of December delivery moved down by Rs 168.85 compared to its previous close of Rs 171.24, while January delivery closed at Rs 170.07 compared to its previous closing of Rs 173.48 on the National Multi Commodity Exchange (NMCE).

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