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Physical rubber prices steadies on Wednesday

15 Dec 2011 Evaluate

Physical rubber prices after a day of decline once again steadied on Wednesday. Though, the domestic future prices weakened and the traders remained on sidelines lacking fresh incentives, but there was slight uptick seen in the international future prices.

Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 200/kg and Rs 197/kg respectively.

In the futures market, the contract of RSS-4 for December delivery weakened to Rs 199 compared to its previous closing of Rs 201.50, while the contract for January delivery closed at Rs 199.10 compared to its previous closing of Rs 203.06 on the National Multi Commodity Exchange.

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