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Physical Rubber prices witness weakness on Monday

17 Sep 2019 Evaluate

Physical Rubber prices showed weakness on Monday due to lack of genuine buyers in the market. Also, expectation of a rise in domestic production this season and lack of fresh cues from benchmark rubber contracts on the Tokyo Commodity Exchange, putting more pressure on the domestic prices. Spot prices for RSS-4 variety declined to 136/ kg compared to its previous closing of Rs 137/ kg; while the RSS-5 variety fell to 131/ kg compared to its previous closing of Rs 132/ kg.

In the futures market, October delivery gained to Rs 127.50 compared to its previous closing of Rs 127.32 on the Indian Commodity Exchange Limited (ICEX).

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