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Physical Rubber prices declined on Friday

21 Sep 2013 Evaluate

Physical Rubber prices declined on Friday on buyer resistance, following the moderate declines in the domestic and international futures.

Spot prices for RSS-4 variety declined to Rs 185.50 compared to its previous closing of Rs 186; while the RSS-5 variety closed at Rs 181 compared to its previous closing of Rs 182.

In the futures market, contract of October delivery weakened to Rs 179.21 compared to its previous close of Rs 183.41, while November delivery closed at Rs 179.36 compared to its previous closing of Rs 182.96 on the National Multi Commodity Exchange (NMCE).

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