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Physical Rubber prices witness improvement on Thursday

07 Aug 2020 Evaluate

Physical Rubber prices showed improvement on Thursday due to firm demand and ongoing supply crunch in the market following heavy rainfall in key growing states. Further, surge in demand from overseas buyers on expectations of a rise in global consumption too added support to rubber prices.

Spot prices for RSS-4 variety gained to 133/ kg compared to its previous closing of Rs 132.50/ kg; while the RSS-5 variety jumped to 130/ kg compared to its previous closing of Rs 129.50/ kg.

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