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Physical Rubber prices witness some gains on supply crunch

04 Apr 2019 Evaluate

Physical Rubber prices showed some improvement on Wednesday due to ongoing supply crunch and improved demand from domestic stockists. Meanwhile, the market activities were in an extremely low key due to the adverse climatic conditions. Spot prices for RSS-4 variety remained unchanged at Rs 128.50/ kg; while the RSS-5 variety rose to Rs 126/ kg compared to its previous closing of Rs 125.50/ kg.

In the futures market, April delivery lost Rs 131.26 compared to its previous closing of Rs 131.71, while May delivery was at Rs 132.90 compared to its previous close of Rs 133.59 on the Indian Commodity Exchange Limited (ICEX).

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