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MoneyWorks4Me

Physical Rubber prices witness firmness on Tuesday

23 Oct 2019 Evaluate

Physical Rubber prices showed firmness on Tuesday due to improved demand from domestic stockists. However, rising imports and weak demand from tyre makers, capped its up-move.

Spot prices for RSS-4 variety gained to 122.50/ kg compared to its previous closing of Rs 121/ kg; while the RSS-5 variety jumped to 119.50/ kg compared to its previous closing of Rs 118.50/ kg.