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Physical rubber prices ruled flat on Thursday

14 Mar 2014 Evaluate

Physical rubber prices ruled flat on Thursday due to absence of follow-up buying at higher levels and extremely dull volumes in the market, though the procurement is expected to gather momentum over the next couple of days, capped some losses in rubber prices to some extent.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 146.50/ kg and Rs144/ kg respectively.

In the futures market, contract of March delivery improved to Rs 146 compared to its previous closing of Rs 143.31, while April delivery closed at Rs 151.95 compared to its previous closing of Rs 149.01 on the National Multi Commodity Exchange (NMCE).

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