Physical Rubber prices witnessed improvement on Monday tracking firm global cues in line with the progress in vaccine distribution and the US stimulus hopes. Though, concerns over sharp increase in the number of Covid-19 cases in Kerala limited some gains.
Spot prices for RSS-4 variety rose to Rs 154/ kg compared to its previous closing of Rs 153/ kg; while the RSS-5 variety gained to Rs 150/ kg compared to its previous closing of Rs 149/ kg. In the futures market, March delivery lost to Rs 156.00 compared to its previous closing of Rs 156.86 on the Indian Commodity Exchange Limited (ICEX).
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