Physical Rubber prices witness improvement on Tuesday

10 Feb 2021 Evaluate

Physical Rubber prices witnessed improvement on Tuesday tracking the US stimulus hopes, which could help boost global growth. Positive sentiment in crude oil too supported rubber prices. 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 155/ kg compared to its previous closing of Rs 154/ kg; while the RSS-5 variety gained to Rs 151/ kg compared to its previous closing of Rs 150/ kg. In the futures market, March delivery increased to Rs 156.30 compared to its previous closing of Rs 155.96 on the Indian Commodity Exchange Limited (ICEX).

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