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Physical Rubber prices witness some firmness on Thursday

29 May 2020 Evaluate

Physical Rubber prices showed some firmness on Thursday on enquiries from the non tyre sector. Moreover, sustained gains in domestic futures too added support to rubber prices. However, rumors that lockdown might be extended in the wake of increasing corona virus cases across the country, capped the gains in rubber prices. Spot prices for RSS-4 variety rose to 115.50/ kg compared to its previous closing of Rs 115/ kg; while the RSS-5 variety remained unchanged at Rs 110/kg.

In the futures market, June delivery fell to Rs 118.75 compared to its previous closing of Rs 120.59, on the Indian Commodity Exchange Limited (ICEX).

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