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Physical Rubber prices witness weakness on Saturday

16 Sep 2019 Evaluate

Physical Rubber prices showed weakness on Saturday on account of sluggish demand from tyre markers. Spot prices for RSS-4 variety declined to 137/ kg compared to its previous closing of Rs 138/ kg; while the RSS-5 variety fell to 132/ kg compared to its previous closing of Rs 133/ kg.

In the futures market, October delivery gained to Rs 130.16 compared to its previous closing of Rs 129.93, while November delivery was at Rs 128 compared to its previous close of Rs 130.63 on the Indian Commodity Exchange Limited (ICEX).

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