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Physical Rubber prices witness weakness on Wednesday

10 Dec 2020 Evaluate

Physical Rubber prices showed weakness on Wednesday on account of buyer resistance in the market in line with weakness in the global market following continued surge in corona virus cases across the globe. Further, hopes of rise in arrivals in the coming days amid the peak production season too added pressure on physical rubber prices.

Spot prices for RSS-4 variety declined to 160/ kg compared to its previous closing of Rs 161/ kg; while the RSS-5 variety fell to 151/ kg compared to its previous closing of Rs 152/ kg.

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