Physical rubber prices made some improvement on Monday after staying steady for last couple of days. The prices surged in early trade along with the futures, but pared gains with the decline there. The European Union summit has sent some positive signals across the markets and the global trend too firmed up.
Spot prices for RSS-4 variety closed at Rs 212/kg compared with its previous closing of Rs 210/kg, while the RSS-5 variety closed at Rs 210/kg compared to its previous closing of Rs 206/kg.
In the futures market, the contract of November delivery declined to Rs 209.90 compared to its previous closing of Rs 211.90, while the contract of December delivery closed at Rs 209.11 compared to its previous closing of Rs 212.10 on National Multi Commodity Exchange.
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