Physical Rubber prices declined on Monday due to raising import fears. Further, the gap between local and global prices continued putting pressure in spot and future market prices and influenced rubber.
Spot prices for RSS-4 variety declined to Rs 192 compared to its previous closing of Rs 195; while the RSS-5 variety closed at Rs 186 compared to its previous closing of Rs 187.
In the futures market, contract of July delivery dropped to Rs 189 compared to its previous close of Rs 193.04, while August delivery closed at Rs 182.50 compared to its previous closing of Rs 184.42 on the National Multi Commodity Exchange (NMCE).
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