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Physical Rubber prices witness weakness on Tuesday

04 Nov 2020 Evaluate

Physical Rubber prices showed weakness on Tuesday due to profit booking in the market from the highs. Further, weakness in the global markets following concerns over surging corona virus pandemic cases worldwide and ahead of outcome of US presidential election too added pressure on rubber prices.

Spot prices for RSS-4 variety declined to 155/ kg compared to its previous closing of Rs 158/ kg; while the RSS-5 variety fell to 150/ kg compared to its previous closing of Rs 153/ kg.

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