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Physical Rubber prices witness improvement on Monday

21 Jul 2020 Evaluate

Physical Rubber prices showed improvement on Monday due to ongoing supply crunch in the market. Further, expectations of pick-up in demand from bulk buyers and tyre makers also supported prices. Spot prices for RSS-4 variety gained to 132/ kg compared to its previous closing of Rs 130/ kg; while the RSS-5 variety jumped to 128/ kg compared to its previous closing of Rs 127/ kg.

In the futures market, August delivery gained marginally to Rs 136 compared to its previous closing of Rs 135.99 on the Indian Commodity Exchange Limited (ICEX).