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Physical Rubber prices witness improvement on Thursday

28 Jun 2019 Evaluate

Physical Rubber prices showed improvement on Thursday due to rising demand from tyre makers and domestic stockists. Further, expectations of lower imports also supported rubber prices. Spot prices for RSS-4 variety rose to 151/ kg compared to its previous closing of Rs 150.50/ kg; while the RSS-5 variety jumped to 148/ kg compared to its previous closing of Rs 147.50/ kg.

In the futures market, July delivery fell to Rs 150.17 compared to its previous closing of Rs 150.84, while August delivery was at Rs 145.50 compared to its previous close of Rs 145.52 on the Indian Commodity Exchange Limited (ICEX).

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