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Physical Rubber prices declined on Friday

26 Oct 2013 Evaluate

Physical Rubber prices declined on Friday due to absence of buyers even at lower levels that could have initiated a partial recovery in the market. Meanwhile, overnight rains continued to disrupt tapping in almost all major plantation areas.

Spot prices for RSS-4 variety weakened to Rs 159/ kg compared to its previous closing of Rs 159.50/ kg, while RSS-5 variety remained unchanged at Rs 151/ kg.

In the futures market, contract of November delivery declined to Rs 159.35 compared to its previous close of Rs 159.78, while December delivery closed at Rs 161.00 compared to its previous closing of Rs 161.73 on the National Multi Commodity Exchange (NMCE)

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