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Physical rubber prices show mixed trend on Thursday

01 Mar 2013 Evaluate

Physical rubber prices showed a mixed mood on Thursday. Selected counters improved on fresh buying and short covering as the sentiments were catalyzed partially by the hike in the import duty of the commodity.

Spot prices for RSS-4 variety remained unchanged at Rs 158/ kg, while RSS-5 variety improved to Rs 153/ kg compared to its previous closing of Rs 152.50/ kg.

In the futures market, contract of March delivery dropped to Rs 156.60 compared to its previous closing of Rs 158, while April delivery closed at Rs 161.90 compared to its previous closing of Rs 162.96 on the National Multi Commodity Exchange (NMCE).

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