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Physical Rubber prices witness some weakness on Tuesday

13 Feb 2019 Evaluate

Physical Rubber prices showed some weakness on Tuesday due to tepid demand from stockists and tyre manufacturers. Further, demand from domestic buyers is also subdued because as they have already imported sufficient quantity of rubber. Spot prices for RSS-4 variety remained unchanged at Rs 123.50/kg; while the RSS-5 variety declined to Rs 116.50/kg compared to its previous closing of Rs 117/kg.

In the futures market, March delivery rose to Rs 124.88 compared to its previous closing of Rs 124.48, while April delivery was at Rs 127.71 compared to its previous close of Rs 127.55 on the Indian Commodity Exchange Limited (ICEX).

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