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Physical Rubber prices witness weakness on Wednesday

01 Aug 2019 Evaluate

Physical Rubber prices showed weakness on Wednesday tracking declines in global markets. Further, rubber prices remained under pressure on expectations of a rise in supply amid subdued demand from tyre makers.

Spot prices for RSS-4 variety declined to 148.50/ kg compared to its previous closing of Rs 149.50/ kg; while the RSS-5 variety fell to 145.50/ kg compared to its previous closing of Rs 146.50/ kg.