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Physical rubber prices improve further on Wednesday

28 Feb 2013 Evaluate

Physical rubber prices improved further on Wednesday following the decision of the government to enhance the import duty to bring down imports and stabilize domestic prices.

Spot prices for RSS-4 variety improved to Rs 158/ kg compared to its previous closing of Rs 156.50/ kg, while RSS-5 variety closed at Rs 152.50/ kg compared to its previous close of Rs 151.50/ kg.

In the futures market, contract of March delivery improved to Rs 157.80 compared to its previous closing of Rs 157.65, while April delivery closed at Rs 162.90 compared to its previous closing of Rs 162.34 on the National Multi Commodity Exchange (NMCE).

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