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Physical Rubber prices extend gains on Thursday

19 Feb 2021 Evaluate

Physical Rubber prices extended gains on Thursday on improved domestic demand as majority of growers are not interested to sell their produce at the prevailing levels. Moreover, renewed optimism over swift global economic recovery from Covid-19 pandemic also supported rubber prices’ uptrend.

Spot prices for RSS-4 variety rose to Rs 157.50/ kg compared to its previous closing of Rs 157/ kg; while the RSS-5 variety gained to Rs 152.50/ kg compared to its previous closing of Rs 152/ kg. In the futures market, March delivery gained to Rs 159.55 compared to its previous closing of Rs 159.52 on the Indian Commodity Exchange Limited (ICEX).

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