In a range-bound trade, refined soya oil declined by Rs 7, or 1.38 per cent, to Rs 499 per 10 kg in futures market today, as speculators booked profits in the spot market.
At the Multi Commodity Exchange counter, refined soya for September declined by Rs 7, or 1.38 per cent, to Rs 499 per 10 kg, with an open interest of 706 lots.
However, the oil for delivery in October held steady at Rs 504.35 per 10 kg, with a business turnover of 47 lots.
Market analysts said profit-booking by speculators at existing higher levels and decline in demand in the spot market led to a fall in refined soya oil prices in futures trade.