Physical Rubber prices declined on Monday mainly on buyer resistance following heavy losses on the National Multi Commodity Exchange. Further, higher imports and lack of genuine buyers have also influenced Rubber prices.
Spot prices for RSS-4 variety declined to Rs 180 compared to its previous closing of Rs 183; while the RSS-5 variety closed at Rs 175 compared to its previous closing of Rs 179.
In the futures market, contract of October delivery declined to Rs 176.30 compared to its previous close of Rs 179.08, while November delivery closed at Rs 176.27 compared to its previous closing of Rs 178.74 on the National Multi Commodity Exchange (NMCE).
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