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Physical rubber prices show some weakness on Tuesday

31 Jul 2013 Evaluate

Physical rubber prices showed some weakness on Tuesday due to lack of genuine buyers, which kept the commodity under pressure during late trading hours and on selected counters.

Spot prices for RSS-4 variety remained unchanged at Rs 195/ kg, while RSS-5 variety weakened to Rs 189/ kg compared to its previous closing of Rs 190/ kg.

In the futures market, contract of August delivery weakened to Rs 190.60 compared to its previous close of Rs 191.27, while September delivery closed at Rs 178.15 compared to its previous closing of Rs 179.12 on the National Multi Commodity Exchange (NMCE).

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