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Physical Rubber Prices Moved Higher On Tuesday (22-Feb-2012)

Indian-Commodity  :  Commodity-Market >> Rubber  :  Physical Rubber Prices Moved Higher On Tuesday
Physical Rubber Prices Moved Higher On Tuesday
Physical rubber prices moved higher on Tuesday after witnessing a marginal decline in last session. Gains in domestic and international futures helped the prices to improve, though covering purchase at the lower levels kept the market firm but traders were still waiting for some dip in the prices.

Spot prices for RSS-4 variety closed at Rs 185.50/kg compared to its previous closing of Rs 184.50/kg, while the RSS-5 variety closed at Rs 183/kg compared to its previous closing of Rs 181/kg.

In the futures market, the contract of RSS-4 for the March delivery closed at Rs 187.75 compared to its previous closing of Rs 184.98, while the contract for April delivery closed at Rs 193.67 compared to its previous closing of Rs 190.99 on the National Multi Commodity Exchange.
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