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Physical rubber prices decline further on Tuesday

09 Nov 2011 Evaluate
Physical rubber prices extended their fall on Tuesday, mainly pressured by the global economic uncertainty on the same time traders were of the view that the slowing economic growth and auto sales, rising interest rates and fuel costs has led the current decline in the commodity.

Spot prices for RSS-4 variety closed at Rs 200/kg compared to its previous closing of Rs 202/kg; while the RSS-5 variety closed at Rs 197/kg compared to its previous closing of Rs 199/kg.

In the futures market, the contract for November delivery closed at Rs 201.05 compared to its previous closing of Rs 205.64, while the contract for December delivery closed at Rs 199.85 compared to its previous closing of Rs 204.12 on the National Multi Commodity Exchange.

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