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Physical rubber prices remained steady on Monday

04 Oct 2011 Evaluate

Physical rubber prices remained steady on Monday, though the prices recovered after a weak start in latter trade. Traders are of the view that, with peak production season on and climatic conditions improving, gains will be limited however, the fall too may get restricted with the projected demand-supply deficit and falling inventories in warehouses.

Spot prices for RSS-4 and RSS 5 variety closed unchanged at Rs 209/kg and Rs 206/kg respectively.

In the futures market, the contract of RSS 4 for October series closed at Rs 209.50 compared to its previous closing of Rs 208.82, while the contract for November delivery closed at Rs 205.70 compared to its previous closing of Rs 205.04 on the National Multi Commodity Exchange.

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