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Physical rubber prices improved on Thursday

20 Dec 2013 Evaluate

Physical rubber prices improved on Thursday on enquiries from the manufacturing sector. Further, local market firmed up following overall gains in the domestic markets too supported rubber prices.

Spot prices for RSS-4 variety improved to Rs 154/kg compared to its previous closing of Rs 153/kg, while RSS-5 variety closed at Rs 146/kg compared to its previous closing of Rs 145.50/kg.

In the futures market, contract of January delivery weakened to Rs 158 compared to its previous closing of Rs 158.19, while February delivery closed at Rs 160.40 compared to its previous closing of Rs 160.65 on the National Multi Commodity Exchange (NMCE).

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