Physical Rubber prices witnessed improvement on Tuesday on the back of rising domestic as well as global demand. Further, hopes for further fiscal stimulus from the United States, progress in the vaccination drives and renewed optimism on global economy too fueled support to rubber prices’ uptrend.
Spot prices for RSS-4 variety rose to Rs 156/ kg compared to its previous closing of Rs 155/ kg; while the RSS-5 variety gained to Rs 151/ kg compared to its previous closing of Rs 150.50/ kg. In the futures market, March delivery increased to Rs 159.50 compared to its previous closing of Rs 158.85 on the Indian Commodity Exchange Limited (ICEX).
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