Physical rubber prices improved on Friday due to sharp gains in the international markets and recovery in the domestic futures. However, hopes of an improvement in arrivals limited the further gains of rubber price.
Spot prices for RSS-4 variety improved to Rs 186/kg compared to its previous closing of Rs 185/kg, while RSS-5 variety closed at Rs 182.50/kg compared to its previous closing of Rs 181.50/kg.
In the futures market, contract of September delivery weakened to Rs 183.75 compared to its previous closing of Rs 184.48, while October delivery closed at Rs 182.75 compared to its previous closing of Rs 183.87 on the National Multi Commodity Exchange (NMCE).
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