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Physical rubber prices suffer sharp decline on Monday

27 Sep 2011 Evaluate

Physical rubber prices suffered sharp decline on Monday tracking weakness in the domestic and global futures market. The prices remained under pressure since beginning and selling intensified by the end.

Spot prices for RSS-4 variety closed at Rs 210/kg compared to its previous closing of Rs 214/kg, while the RSS-5 variety closed at Rs 207/kg compared to its previous closing of Rs 208/kg.

In the futures market the contract of RSS 4 for October delivery closed at Rs 210.44 compared to its previous closing of Rs 212.07, while the contract of November delivery closed at Rs 208 compared to its previous closing of Rs 209.21 on National Multi Commodity Exchange.

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