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Physical rubber prices declined on Friday

18 Jan 2014 Evaluate

Physical rubber prices declined on Friday due to lack of buyers and drop in the prices in domestic and international markets.

Spot prices for RSS-4 variety declined to Rs 150/ kg compared to its previous closing of Rs 151/ kg, while RSS-5 variety closed at Rs 143/ kg compared to its previous close of Rs 144/ kg.

In the futures market, contract of February delivery dropped to Rs 150.16 compared to its previous closing of Rs 151.99, while March delivery closed at Rs 152.50 compared to its previous close of Rs 154.09 on the National Multi Commodity Exchange (NMCE).

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