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Physical rubber prices rule flat on Thursday

14 Jun 2013 Evaluate

Physical rubber prices finished unchanged despite a firm closing in domestic futures on Thursday. The market lost its direction on buyer resistance following the declines in the international trend setters.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 175/ kg and Rs 170/ kg respectively.

In the futures market, contract of June delivery improved to Rs 177.25 compared to its previous close of Rs 175.64, while July delivery closed at Rs 173.20 compared to its previous closing of Rs 172.65 on the National Multi Commodity Exchange (NMCE).

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