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Physical Rubber prices witness weakness on Wednesday

19 Sep 2019 Evaluate

Physical Rubber prices showed weakness on Wednesday due to sluggish demand from tyre makers and domestic stockists. Spot prices for RSS-4 variety declined to 131/ kg compared to its previous closing of Rs 133/ kg; while the RSS-5 variety fell to 127/ kg compared to its previous closing of Rs 129/ kg.

In the futures market, October delivery gained to Rs 126.88 compared to its previous closing of Rs 126.84 on the Indian Commodity Exchange Limited (ICEX).