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Physical rubber prices remain unchanged on Monday

18 Dec 2012 Evaluate

Physical rubber prices remained steady on Monday, as the growers are likely to hold the stocks expecting a moderate recovery in the short run since the domestic prices have fallen below the global levels.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 163/ kg and Rs 157/kg respectively.

In the futures market, contract of January delivery closed at Rs 166.30 compared to its previous closing of Rs 165.96, while February delivery closed at Rs 168.50 compared to its previous close of Rs 168.43 on the National Multi Commodity Exchange (NMCE).

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