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Physical rubber prices show slight upmove on Wednesday

01 Dec 2011 Evaluate

Physical rubber prices made a slight bounce back on Wednesday on the back of covering purchases as sellers stayed back, however the future prices weakened and the trading activity remained range bound.

The spot prices for RSS-4 variety closed at Rs 195.00 compared to its previous closing of Rs 194.00, while the RSS-5 variety closed unchanged at Rs 191.00.

In futures market, the contract of RSS-4 for December delivery weakened to Rs 196.90 compared to its previous closing of Rs 197.10, while the contract for January delivery closed at Rs 197.80 compared to its previous closing of Rs 197.92 on National Multi Commodity Exchange.

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