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Physical Rubber prices extends gains on Tuesday

28 Oct 2020 Evaluate

Physical Rubber prices extended gains on Tuesday on account of improved demand from domestic buyers. Rubber prices improved further on firm trend at overseas markets followed by supply crunch coupled with strong demand from top consumer China. Although, concerns over surging cases of Covid-19 around the globe capped gains.

Spot prices for RSS-4 variety gained to 156/ kg compared to its previous closing of Rs 152/ kg; while the RSS-5 variety jumped to 152/ kg compared to its previous closing of Rs 148/ kg.

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