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Physical Rubber prices witness some weakness on Wednesday

28 Jan 2021 Evaluate

Physical Rubber prices showed some weakness on Wednesday, despite firmness in domestic futures. Further, lack of bulk buyers in the market following surging Covid-19 cases globally put pressure on rubber prices. Spot prices for RSS-4 variety fell to 151/ kg compared to its previous closing of Rs 151.50/ kg; while the RSS-5 variety remained unchanged at Rs 144/ kg.

In the futures market, February delivery gained to Rs 151.90 compared to its previous closing of Rs 150.94 on the Indian Commodity Exchange Limited (ICEX).