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Physical Rubber prices showed some uptrend on Tuesday

11 Dec 2013 Evaluate

Physical rubber showed some uptrend on Tuesday on comparatively better demand and low supplies. However, absence of genuine buyers in the market limited further gains in rubber prices.

Spot prices for RSS-4 improved to 151.50/kg compared to its previous closing of Rs 151/ kg, while RSS-5 variety remained unchanged at Rs 142/kg.

In the futures market, contract of December delivery improved to Rs 153 compared to its previous close of Rs 151.88, while January delivery closed at Rs 154.85 compared to its previous closing of Rs 153.92 on the National Multi Commodity Exchange (NMCE).

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