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Physical Rubber Prices Turn Weak On Monday (31-Jan-2012)

Indian-Commodity  :  Commodity-Market >> Rubber  :  Physical Rubber Prices Turn Weak On Monday
Physical Rubber Prices Turn Weak On Monday
Physical rubber prices declined on Monday tailing the fall in domestic and international futures market. There was a report that Thailand's Cabinet approved a plan to buy rubber at or above market rate to stabilise the price around 120 baht a kg.

Spot prices for RSS-4 variety closed at Rs 189/kg compared to its previous closing of Rs 191/kg; while the RSS-5 variety closed at Rs 184/kg compared to its previous closing of Rs 186.50/kg.

In the futures market, the contract of RSS-4 for February delivery closed at Rs 189.50 compared to its previous closing of Rs 193.16, and the contract for March delivery closed at Rs 193.50 compared to its previous closing of Rs 197.18 on the National Multi Commodity Exchange.
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