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Physical rubber prices show mixed trend on Wednesday

03 Jan 2013 Evaluate

Physical rubber prices made a mixed closing on Wednesday as the market failed to recover in tune with the overall gains in domestic futures on buyer resistance.

Spot prices for RSS-4 variety closed at Rs 162/ kg compared to its previous closing of Rs 162.50/ kg, while RSS-5 variety remained unchanged at Rs 157/ kg.

In the futures market, contract of January delivery improved to Rs 166.48 compared to its previous closing of Rs 164.44, while February delivery closed at Rs 169 compared to its previous close of Rs 166.89 on the National Multi Commodity Exchange (NMCE).

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