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Physical rubber prices display mixed trend on Monday

05 Mar 2013 Evaluate
Physical rubber prices continued to display a mixed trend on Monday. There were no genuine buyers in the local scene to trigger an upside move in the commodity and it lost ground partially on buyer resistance.

Spot prices for RSS-4 variety remained unchanged at Rs 157/ kg, while RSS-5 variety lowered to Rs 152/ kg compared to its previous closing of Rs 153/ kg.

In the futures market, contract of March delivery improved to Rs 156.75 compared to its previous closing of Rs 155.68, while April delivery closed at Rs 161.50 compared to its previous closing of Rs 160.60 on the National Multi Commodity Exchange (NMCE).

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