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Physical Rubber prices witness some weakness on Wednesday

06 Dec 2018 Evaluate

Physical Rubber prices showed some weakness on Wednesday due to a surge in imports of the commodity along with subdued demand from domestic buyers. Spot prices for RSS-4 variety remained unchanged at Rs 119/ kg; while the RSS-5 variety declined to Rs 116/ kg compared to its previous closing of Rs 116.50/ kg.

In the futures market, December delivery fell to Rs 120.96 compared to its previous closing of Rs 121.03, while January delivery was at Rs 122.89 compared to its previous close of Rs 122.95 on the Indian Commodity Exchange Limited (ICEX).

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