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Physical rubber prices continue to remain unchanged on Monday

19 Mar 2013 Evaluate

Physical rubber prices continued to remain unchanged on Monday following the sharp declines in Tokyo rubber futures. The sentiments were also affected by a weak closing on the commodity futures but the prices managed to sustain at the prevailing levels on supply concerns.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 162.50/kg and Rs 160/ kg respectively.

In the futures market, contract of April delivery closed at Rs 163.90 compared to its previous closing of Rs 164.56, while May delivery closed at Rs 167.24 compared to its previous closing of Rs 167.00 on the National Multi Commodity Exchange (NMCE).

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