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Physical Rubber prices remain unchanged on Tuesday

20 May 2020 Evaluate

Physical Rubber prices remained unchanged on Tuesday due to buyer resistance in the market following growing fears about the corona virus pandemic globally. The overall investor sentiment remains weak amid the extension of the nationwide lockdown till May 31. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 116/ kg and Rs 110/ kg respectively.

In the futures market, June delivery gained to Rs 112 compared to its previous closing of Rs 111.73 on the Indian Commodity Exchange Limited (ICEX).