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Physical rubber prices showed some weakness on Monday

05 Nov 2013 Evaluate

Physical rubber prices showed some weakness on Monday due to lack of buyers from major consuming sectors and an almost similar trend in domestic futures. Further, buyer resistance due to scattered transactions too influenced rubber prices.

Spot prices for RSS-4 variety weakened to Rs 158/ kg compared to its previous closing of Rs 158.50/ kg, while RSS-5 variety remained unchanged at Rs 151/ kg.

In the futures market, contract of November delivery slipped to Rs 159.19 compared to its previous close of Rs 159.74, while December delivery closed at Rs 160.11 compared to its previous closing of Rs 160.90 on the National Multi Commodity Exchange (NMCE).

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