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Physical rubber prices showed some improvement on Wednesday

27 Mar 2014 Evaluate

Physical rubber prices showed some improvement on Wednesday on covering purchases despite a weak closing in domestic futures on NMCE.

Spot prices for RSS-4 variety improved to Rs 149/ kg compared to its previous closing of Rs 148/ kg, while RSS-5 variety remained unchanged at Rs 145/ kg.

In the futures market, contract of April delivery slipped to Rs 146.69 compared to its previous close of Rs 148.57, while May delivery closed at Rs 150 compared to its previous closing of Rs 151.98 on the National Multi Commodity Exchange (NMCE).

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