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Physical rubber prices remain unchanged on Thursday

03 May 2013 Evaluate

Physical rubber prices remained unchanged on Thursday following a similar trend in the domestic futures market. Absence of follow up buying and the discouraging reports from the global trendsetters kept the commodity under pressure during the day.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 163/ kg and Rs 159/ kg respectively.

In the futures market, contract of May delivery inched up to Rs 162.30 compared to its previous closing of Rs 162.24, while June delivery closed at Rs 161.70 compared to its previous closing of Rs 161.34 on the National Multi Commodity Exchange (NMCE).

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