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Physical rubber prices decline on Tuesday

19 Feb 2014 Evaluate

Physical rubber prices declined on Tuesday following a sharp decline in domestic futures, probably on profit-booking at higher levels.

Spot prices for RSS-4 variety declined to Rs 155/ kg compared to its previous closing of Rs 156/ kg, while RSS-5 variety closed at Rs 152/ kg compared to its previous close of Rs 153/ kg.

In the futures market, contract of March delivery declined to Rs 152.95 compared to its previous closing of Rs 157.86, while April delivery closed at Rs 156.79 compared to its previous close of Rs 162.38 on the National Multi Commodity Exchange (NMCE).

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