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Physical rubber prices decline on Friday

17 Aug 2013 Evaluate

Physical rubber prices declined on Friday due to lack of genuine buyers in the market. Increased hopes of improved arrivals following a positive change in weather condition too influenced the rubber prices.

Spot prices for RSS-4 variety declined to Rs 190/ kg compared to its previous closing of Rs 194/ kg, while RSS-5 variety closed at Rs. 188/ kg compared to its previous close of Rs 190/ kg.

In the futures market, contract of September delivery dropped to Rs 181.51 compared to its previous closing of Rs 184.69, while October delivery closed at Rs 172.50 compared to its previous close of Rs 175.67 on the National Multi Commodity Exchange (NMCE).

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