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Physical rubber prices made mixed closing on Tuesday

29 May 2013 Evaluate

Physical rubber prices made a mixed closing on Tuesday. The undercurrent was firm in selected counters but ended on negative note on buyer resistance in a lackluster trading session.

Spot prices for RSS-4 variety improved to Rs 170/ kg compared to its previous closing of Rs 169/ kg, while RSS-5 variety closed at Rs 165/ kg compared to its previous closing of Rs 166/ kg.

In the futures market, contract of June delivery improved to Rs 167.95 compared to its previous close of Rs 166.90, while July delivery closed at Rs 167.25 compared to its previous closing of Rs 165.71 on the National Multi Commodity Exchange (NMCE).

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