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Physical rubber prices improve further on Wednesday

02 Jun 2011 Evaluate

Physical rubber prices extended their gains on Wednesday supported by short covering, also reports of tapping coming to a halt in most of the plantation areas following the widespread rains during the past couple of days led the prices move higher.

Spot prices for RSS-4 variety closed at Rs 223.50/kg compared to its previous closing of Rs 223/kg , while RSS-5 variety closed unchanged at Rs 220/kg .

In the futures market, the contract of RSS-4 for June delivery declined to Rs 226.75 compared to its previous closing of Rs 229.64, while the contract for July delivery closed at Rs 231.65  compared to its previous closing of Rs 233.90on the National Multi Commodity Exchange.

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