Physical Rubber prices showed firmness on Wednesday due to improved demand from domestic stockists. Further, sharp decline in production owing to adverse weather conditions also added support to rubber prices. However, expectations of rise in imports and weak demand from tyre makers, capped its up-move.
Spot prices for RSS-4 variety gained to 123/ kg compared to its previous closing of Rs 122.50/ kg; while the RSS-5 variety jumped to 120/ kg compared to its previous closing of Rs 119.50/ kg.
In the futures market, November delivery gained to Rs 123.50 compared to its previous closing of Rs 122.93, while December delivery was at Rs 125 compared to its previous close of Rs 124.10 on the Indian Commodity Exchange Limited (ICEX).
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