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Physical rubber prices show mixed trend on Wednesday

21 Mar 2013 Evaluate

Physical rubber prices showed a mixed trend on Wednesday. Selected counters improved on fresh buying and short covering while the sentiments remained bullish on hopes that a long term recovery in prices is on the cards.

Spot prices for RSS-4 variety remained unchanged at Rs 163.50/ kg, while RSS-5 variety improved to Rs 161/ kg compared to its previous closing of Rs 160.50/ kg.

In the futures market, contract of April delivery improved to Rs 166.10 compared to its previous closing of Rs 165.34, while May delivery closed at Rs 169.10 compared to its previous closing of Rs 168.48 on the National Multi Commodity Exchange (NMCE).

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