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Physical rubber prices surrender on Thursday

01 Feb 2013 Evaluate

Physical rubber prices surrendered on Thursday. The market slipped on selling from certain dealers fearing further fall in prices.

Spot prices for RSS-4 variety slipped to Rs 156.50/kg compared to its previous closing of Rs 158/ kg, while RSS-5 variety closed at Rs 152/kg compared to its previous close of Rs 152.50/ kg.

In the futures market, contract of February delivery dropped to Rs 155.60 compared to its previous close of Rs 155.77, while March delivery closed at Rs 157.70 compared to its previous closing of Rs 157.89 on the National Multi Commodity Exchange (NMCE).

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