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Physical Rubber prices witness firmness on Tuesday

12 Feb 2020 Evaluate

Physical Rubber prices showed firmness on Tuesday, tracking an ongoing supply crunch in the market due to expectation of lower domestic output and fall in imports. Further, lack of sellers in the market even at higher levels also improved rubber prices. Spot prices for RSS-4 variety gained to 136/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety jumped to 130/ kg compared to its previous closing of Rs 129/ kg.

In the futures market, February delivery fell to Rs 138 compared to its previous closing of Rs 138.36, while March delivery was at Rs 139.61 compared to its previous close of Rs 140.35 on the Indian Commodity Exchange Limited (ICEX).

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