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Physical rubber prices improve on Thursday

30 Aug 2013 Evaluate

Physical rubber prices improved a bit on Thursday due to sharp gains in the international markets and recovery in the domestic futures. However, expectations of an improvement in arrivals limited the further gains of rubber price.

Spot prices for RSS-4 variety improved to Rs 185/kg compared to its previous closing of Rs 184.50/kg, while RSS-5 variety closed at Rs 181.50/kg compared to its previous closing of Rs 181/kg.

In the futures market, contract of September delivery increased to Rs 184.35 compared to its previous closing of Rs 183.15, while October delivery closed at Rs 183.60 compared to its previous closing of Rs 181.19 on the National Multi Commodity Exchange (NMCE).

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