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Physical rubber prices plunge on weak global cues

11 Nov 2011 Evaluate
Physical rubber prices continued their declining trend and plunged on Thursday. Though, the domestic futures market remained closed owing to Gurunanak Jayanti but the spot prices after a weak start fell further in latter trade as the international future prices slumped on concerns over the global economic outlook and subsiding demand.

Spot prices for RSS-4 variety closed at Rs 185/kg compared to its previous closing of Rs 195/kg, while the RSS-5 variety closed at Rs 181/kg compared to its previous closing of Rs 193/kg.

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