Physical Rubber prices declined on Tuesday due to the heavy imports, a fall in the international markets and oversupply weighed heavily on prices, amidst extremely dull local demand.
Spot prices for RSS-4 variety declined to Rs 137 compared to its previous closing of Rs 140; while the RSS-5 variety closed at Rs 134 compared to its previous closing of Rs 136.
In the futures market, contract of May delivery dropped to Rs 138.60 compared to its previous close of Rs 138.44, while June delivery closed at Rs 141 compared to its previous closing of Rs 140.76 on the National Multi Commodity Exchange (NMCE)
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