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Physical Rubber prices witness weakness on Monday

04 Feb 2020 Evaluate

Physical Rubber prices showed weakness on Monday due to buyer resistance in the market. Further, concerns over the spreading of corona virus outbreak and that could also hurt the global economy, too added pressure on rubber prices. Spot prices for RSS-4 variety declined to 133/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety fell to 127/ kg compared to its previous closing of Rs 129/ kg.

In the futures market, February delivery gained to Rs 130.40 compared to its previous closing of Rs 128.73, while March delivery was at Rs 131.80 compared to its previous close of Rs 130.04 on the Indian Commodity Exchange Limited (ICEX).

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