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MoneyWorks4Me

Physical Rubber prices witness some weakness on Monday

30 Jul 2019 Evaluate

Physical Rubber prices showed some weakness on Monday following subdued demand from tyre makers. However, expectations of a fall in production due to a sharp decline in yield, capped its losses.

Spot prices for RSS-4 variety remained unchanged at Rs 150/ kg; while the RSS-5 variety declined to Rs 147/ kg compared to its previous closing of Rs 148/ kg.