Physical Rubber prices showed firmness on Thursday due to robust demand from domestic stockists amid the ongoing supply crunch in the market. However, expectation of a rise in India's natural rubber production, capped some gains. Spot prices for RSS-4 variety jumped to 144.50/ kg compared to its previous closing of Rs 144/ kg; while the RSS-5 variety gained Rs 142.50/ kg compared to its previous closing of Rs 142/ kg.
In the futures market, June delivery rose to Rs 151.18 compared to its previous closing of Rs 148.95, while July delivery was at Rs 149.65 compared to its previous close of Rs 147.96 on the Indian Commodity Exchange Limited (ICEX).
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