Physical rubber prices improved further on Thursday tailing the sharp gains in the domestic futures market. The commodity prices got a support with the supply concerns due to widespread and heavy rain in the producing regions.
Spot prices for RSS-4 variety closed higher at Rs 177 compared to its previous closing of Rs 176.50; while the RSS-5 variety closed at Rs 172 compared to its previous closing of Rs 171.
In the futures market, contract of RSS- 4 variety for July delivery surged to Rs 182.80 compared to its previous closing of Rs 177.64 and the contract for August delivery closed at Rs 176.95, compared to its previous closing of Rs 171.80 on the National Multi Commodity Exchange.
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