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Physical rubber prices made further gains on Tuesday

12 Jun 2013 Evaluate

Physical rubber prices made further gains on Tuesday. Supply concerns due to widespread monsoon rains continued to keep sheet rubber firm in the local scene.

Spot prices for RSS-4 variety improved to Rs 174/ kg compared to its previous closing of Rs 173.50/ kg, while RSS-5 variety closed at Rs 169/ kg compared to its previous closing of Rs 168/kg.

In the futures market, contract of June delivery improved to Rs 175.60 compared to its previous close of Rs 174.97, while July delivery closed at Rs 172.36 compared to its previous closing of Rs 171.02 on the National Multi Commodity Exchange (NMCE).

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