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Physical rubber prices declined on Tuesday

14 Aug 2013 Evaluate

Physical rubber prices declined on Tuesday as lack of genuine buyers at higher levels kept the commodity under pressure during the session.

Spot prices for RSS-4 variety declined to Rs 195/ kg compared to its previous closing of Rs 196/ kg, while RSS-5 variety closed at Rs. 191/ kg compared to its previous close of Rs 192/ kg.

In the futures market, contract of August delivery dropped to Rs 191.55 compared to its previous closing of Rs 194.99, while September delivery closed at Rs 184.85 compared to its previous close of Rs 186.36 on the National Multi Commodity Exchange (NMCE).

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