Physical Rubber prices declined on Wednesday due to sharp declines in the global trendsetters. Further, lack of buyers in the local trading houses too put pressure on rubber prices.
Spot prices for RSS-4 variety declined to Rs 138 compared to its previous closing of Rs 139; while the RSS-5 variety closed at Rs 135 compared to its previous closing of Rs 136.
In the futures market, contract of May delivery improved to Rs 138.50 compared to its previous close of Rs 137.20, while June delivery closed at Rs 139 compared to its previous closing of Rs 139.50 on the National Multi Commodity Exchange (NMCE).
No comments:
Post a Comment