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Physical rubber prices made a mixed closing on Tuesday
Date: 20-06-2012Physical rubber prices made a mixed closing on Tuesday, due to decline in futures market, both domestic and international. The Japanese trendsetting TOCOM rubber futures suffered a sharp decline after touching a two week high on Monday.
Spot prices for RSS- 4 variety closed lower at Rs.187/ kg as compared to its previous closing of Rs.187.50 while RSS- 5 variety remained unchanged at Rs.182.50/ kg.
In the futures market, the contract of RSS- 4 for the July delivery slipped to Rs. 187.20, compared to its previous closing of Rs. 188.31, while the contract of August delivery closed at RS. 186.11 compared to its previous close of Rs. 187.71 on the National Multi Commodity Exchange.