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Physical rubber prices improve on Monday

23 Jul 2013 Evaluate

Physical rubber prices improved on Monday on the account of covering purchases following moderate gains in the futures market.

Spot prices for RSS-4 variety improved to Rs 194/kg compared to its previous closing of Rs 192/kg, while RSS-5 variety closed at Rs 188/kg compared to its previous closing of Rs 187/kg.

In the futures market, contract of August delivery increased to Rs 196.00 compared to its previous closing of Rs 193.31, while September delivery closed at Rs 185.50 compared to its previous closing of Rs 182.94 on the National Multi Commodity Exchange (NMCE).

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