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Physical Rubber prices declined on Tuesday

27 Nov 2013 Evaluate

Physical Rubber prices declined on Tuesday due to lack of quantity buyers in the market. Further, weakness in domestic futures market and uncertainty prevailing in the cash, commodity and stock markets too influenced rubber prices.

Spot prices for RSS-4 variety declined to Rs 151 compared to its previous closing of Rs 153; while the RSS-5 variety closed at Rs 142 compared to its previous closing of Rs 143.50.

In the futures market, contract of December delivery dropped to Rs 151.64 compared to its previous close of Rs 152.53, while January delivery closed at Rs 153.39 compared to its previous closing of Rs 154.24 on the National Multi Commodity Exchange (NMCE).

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