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Physical rubber prices remained steady on Monday

13 Dec 2011 Evaluate

Physical rubber prices remained unchanged for the second straight day and the pressure of higher imports and slightly increased supplies mounted on the markets. Also the weakness of the futures market too weighed on the spot prices.

Spot prices for RSS-4 and RSS-5 remained unchanged at Rs 202/kg and Rs 199/kg.

In futures market, the contract of RSS-4 for December delivery closed at Rs 201.20 compared to its previous closing of Rs 202.98, while the contract for January delivery closed at Rs 202.50 compared to its previous closing of Rs 205.01 on the National Multi Commodity Exchange.

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