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Physical Rubber prices witness improvement on Wednesday

21 Feb 2019 Evaluate

Physical Rubber prices showed improvement on Wednesday as sellers stayed back following the enquiries from the tyre sector. Though, expectations of a rise in rubber imports capped some gains. Spot prices for RSS-4 variety gained to 124.50/ kg compared to its previous closing of Rs 124/ kg; while the RSS-5 variety jumped to 118.50/ kg compared to its previous closing of Rs 118/ kg.

In the futures market, March delivery rose to Rs 127.20 compared to its previous closing of Rs 127.01, while April delivery was at Rs 130.35 compared to its previous close of Rs 130.15 on the Indian Commodity Exchange Limited (ICEX).

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