Physical rubber prices improved further on Thursday on covering purchases tracking the moderate gains on the commodity future market. The absence of quantity sellers kept the commodity comparatively firm during late trading hours though there had been no fresh enquiries from major consuming industries.
Spot prices for RSS-4 variety improved to Rs 161/ kg compared to its previous closing of Rs 160/ kg, while RSS-5 variety closed at Rs 155/ kg, compared to its previous closing of Rs 154/ kg.
In the futures market, contract of January delivery improved to Rs 163.30 compared to its previous closing of Rs 162.32, while February delivery closed at Rs 165.75 compared to its previous closing of Rs 164.71 on the National Multi Commodity Exchange (NMCE).
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