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Physical rubber prices skid on Tuesday

16 Jan 2013 Evaluate

Physical rubber prices were down on Tuesday following the declines in domestic futures.

Spot prices for RSS-4 variety slipped to Rs 162.50/ kg compared to its previous closing of Rs 163.50/ kg, while RSS-5 variety closed at Rs 157/ kg compared to its previous closing of Rs 158/kg.

In the futures market, contract of January delivery expired at Rs 161.75 compared to its previous closing of Rs 163.92, while February delivery declined to Rs 163.76 compared to its previous close of Rs 166.64 on the National Multi Commodity Exchange (NMCE).

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