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Physical rubber prices bounce back on Monday

31 May 2011 Evaluate

Physical rubber prices made a good bounce back on Monday after witnessing a series of decline in previous week. There was report of monsoon setting up two days earlier and it might worsen the domestic production and arrivals.

Spot prices for RSS-4 variety closed at Rs 217.50/kg compared to its previous closing of Rs 215/kg, while RSS-5 variety closed at Rs 216/kg compared to its previous closing of Rs 213/kg.

In the futures market, the contract for RSS 4 of June delivery closed at Rs 222.79 compared to its previous closing of Rs 217.13, while the contract for July delivery closed at Rs 226.91 compared to its previous closing of Rs 221.45 on the National Multi Commodity Exchange.

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