Physical Rubber prices showed improvement on Tuesday due to ongoing supply crunch in the market. Further, hopes of higher demand from tyre companies too supported rubber prices. However, reports that fresh imports of rubber will reach India by the month-end, capped gains.
Spot prices for RSS-4 variety gained to 130/ kg compared to its previous closing of Rs 129.50/ kg; while the RSS-5 variety jumped to 125.50/ kg compared to its previous closing of Rs 125/ kg. In the futures market, September delivery gained to Rs 131.64 compared to its previous closing of Rs 128.50 on the Indian Commodity Exchange Limited (ICEX).
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