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Physical Rubber prices showed some uptrend on Friday

24 Aug 2013 Evaluate

Physical rubber witnessed some recovery on Friday on covering purchases at lower levels following initial gains in domestic futures.

Spot prices for RSS-4 variety improved to 185/kg compared to its previous closing of Rs 184/ kg, while RSS-5 variety remained unchanged at Rs 182/kg.

In the futures market, contract of September delivery weakened to Rs 178.65 compared to its previous close of Rs 180.38, while October delivery closed at Rs 174.75 compared to its previous closing of Rs 175.76 on the National Multi Commodity Exchange (NMCE).

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