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Physical rubber prices show mixed trend on Wednesday

16 May 2013 Evaluate

Physical rubber prices showed a mixed trend on Wednesday. Declines in the domestic and international markets kept the local prices under pressure.

Spot prices for RSS-4 variety remained unchanged at Rs 171/ kg, while RSS-5 variety improved to Rs 168/ kg compared to its previous closing of Rs 167/ kg.

In the futures market, contract of May delivery weakened to Rs 169.25 compared to its previous closing of Rs 170.03, while June delivery closed at Rs 168.85 compared to its previous closing of Rs 169.14 on the National Multi Commodity Exchange (NMCE).

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