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Physical rubber prices improve on fresh buying

10 Oct 2011 Evaluate

Physical rubber prices made a good bounce back on Saturday on the back of fresh buying and short covering following the moderate gains in the futures market. Volumes too showed improvement compared to last few sessions.

Spot prices for RSS-4 variety closed at Rs 213 /kg compared to its previous closing of Rs 211/ kg, while the RSS-5 variety closed at Rs 209/kg compared to its previous closing of Rs 208/kg.

In futures market, the contract of RSS 4 for October delivery closed at Rs 216.14, while the contract for November delivery closed at Rs 214.46 on the national Multi Commodity Exchange.

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